HP2-I65 Practice Questions

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NEW QUESTION: 1
Which of the following statements extracted from a client's lawyer's letters concerning litigation, claims,
and assessments most likely would cause the auditor to request clarification?
A. "I believe that the action can be settled for less than the damages claimed."
B. "I believe that the plaintiff's case against the company is without merit."
C. "I believe that the possible liability to the company is nominal in amount."
D. "I believe that the company will be able to defend this action successfully."
Answer: A,C
Explanation:
Explanation/Reference:
Choice "B" is correct. The auditor is concerned with preventing an understatement of contingent liabilities.
The auditor would therefore request clarification before determining that a reduction in such liability (from
damages claimed to some lesser amount) is reasonable.
Choices "A", "C", and "D" are incorrect. When a lawyer asserts that a contingent liability is immaterial
("nominal") or improbable ("without merit" and "successful defense likely"), it is unlikely that the auditor
would require further clarification.

NEW QUESTION: 2

A. IEEE 802 1X
B. router on a stick
C. HSRP
D. port channel
Answer: B

NEW QUESTION: 3
In LTE, OFDMA is for uplink and SC-FDMA for downlink.
A. False
B. True
Answer: A

NEW QUESTION: 4
How can you define new key figures?
There are 2 correct answers to this question.
Response:
A. By converting an attribute into a key figure in the configuration application.
B. You create a new key figure with one key figure attribute.
C. You create a new key figure in in the configuration application.
D. You create a key figure in the IBP Excel Add In UI.
Answer: A,C