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NEW QUESTION: 1
The MOST important function of a risk management program is to:
A. minimize residual risk.
B. eliminate inherent risk.
C. quantify overall risk.
D. maximize the sum of all annualized loss expectancies (ALEs).
Answer: A
Explanation:
Explanation/Reference:
Explanation:
A risk management program should minimize the amount of risk that cannot be otherwise eliminated or transferred; this is the residual risk to the organization. Quantifying overall risk is important but not as critical as the end result. Eliminating inherent risk is virtually impossible. Maximizing the sum of all ALEs is actually the opposite of what is desirable.

NEW QUESTION: 2
In periods of rising prices and stable or increasing inventory quantities, the impact of LIFO and FIFO on income before taxes is:
A. The choice of LIFO vs. FIFO does not affect income.
B. FIFO results in lower income.
C. LIFO results in lower income.
Answer: C
Explanation:
LIFO retains (earlier) lower cost inventory, thereby increasing COGS, and thereby decreasing income. FIFO results in the opposite.

NEW QUESTION: 3
Different types of ITOM Packages offered by ServiceNow.
Response:
A. Professional
B. Enterprise
C. App Engine
D. Standard
Answer: A,B,D