CSI CSC2 Q&A - in .pdf

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  • Exam Code: CSC2
  • Exam Name: Canadian Securities Course Exam2
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NEW QUESTION: 1
Which component is required for compression to work?
A. PFDC
B. FAST VP
C. FAST Cache
D. Thick LUN
Answer: D
Explanation:
References:
https://www.emc.com/collateral/white-papers/h15571-dell-emc-unity-compression.pdf

NEW QUESTION: 2
If all the 10,000 data points in a regression lie exactly on a straight line, which of the following is/are true?
I. The intercept term is zero.
II. The percentage of unexplained variance equals zero
III. The slope coefficient is positive.
IV. The correlation coefficient between the dependent and independent variables is 1.
A. II only
B. II & IV
C. IV only
D. I only
E. III only
F. III & IV
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Since there is no error in the regression, the percentage of unexplained variance will be zero. The intercept and slope terms can be any real numbers and the correlation coefficient will be either + 1 or - 1.

NEW QUESTION: 3
Which of the following would be MOST useful to help senior management understand the status of information security compliance?
A. Risk assessment results
B. Industry benchmarks
C. Business impact analysis (BIA) results
D. Key performance indicators (KPIs)
Answer: D

NEW QUESTION: 4
At December 31, Year 1, an entity had the following equity accounts:

Each of the 40,000 ordinary shares outstanding was issued at a price of US $26. On January 2, Year 2, 2,000 shares were reacquired for US $30 per share. The cost method is used in accounting for these treasury shares. Which of the following correctly describes the effect of the acquisition of the treasury shares?
A. The retained earnings account balance is reduced by US $8,000.
B. Ordinary shares is reduced by US $20,000.
C. Total equity is reduced by US $60,000.
D. Share premium from issuance of ordinary shares is reduced by US $32,000.
Answer: C
Explanation:
Using the cost method, the journal entry to record the acquisition of the treasury shares includes a debit to treasury shares for US $60,000. The balance of the treasury shares account is classified as a contra equity item. Thus, the acquisition of the treasury shares reduces total equity by US $600002.000 shares x $30).

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