C-ACT-2403 Practice Questions

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NEW QUESTION: 1
Adrian is the project manager of the NHP Project. In her project there are several work packages that deal with electrical wiring. Rather than to manage the risk internally she has decided to hire a vendor to complete all work packages that deal with the electrical wiring. By removing the risk internally to a licensed electrician Adrian feels more comfortable with project team being safe. What type of risk response has Adrian used in this example?
A. Acceptance
B. Transference
C. Mitigation
D. Avoidance
Answer: B

NEW QUESTION: 2
In open market transactions, Gold Corp. simultaneously sold its long-term investment in Iron Corp. bonds and purchased its own outstanding bonds. The broker remitted the net cash from the two transactions.
Gold's gain on the purchase of its own bonds exceeded its loss on the sale of the Iron bonds. Assume the transaction to purchase its own outstanding bonds is unusual in nature and has occurred infrequently.
Gold should report the:
A. Effect of its own bond transaction gain in income before extraordinary items, and report the Iron bond transaction as an extraordinary loss.
B. Net effect of the two transactions as an extraordinary gain.
C. Net effect of the two transactions in income before extraordinary items.
D. Effect of its own bond transaction as an extraordinary gain, and report the Iron bond transaction loss in income before extraordinary items.
Answer: D

NEW QUESTION: 3
A user has launched an EC2 instance. However, due to some reason the instance was terminated. If the
user wants to find out the reason for termination, where can he find the details?
A. The user can get information from the AWS console, by checking the Instance description under the
Instance Status Change reason label
B. The user can get information from the AWS console, by checking the Instance description under the
State transition reason label
C. The user can get information from the AWS console, by checking the Instance description under the
Instance Termination reason label
D. It is not possible to find the details after the instance is terminated
Answer: B
Explanation:
An EC2 instance, once terminated, may be available in the AWS console for a while after termination. The
user can find the details about the termination from the description tab under the label State transition
reason. If the instance is still running, there will be no reason listed. If the user has explicitly stopped or
terminated the instance, the reason will be "User initiated shutdown".
Reference:
http://docs.aws.amazon.com/AWSEC2/latest/UserGuide/Using_InstanceStraightToTerminated.html