CIMA F3 Q&A - in .pdf

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  • Exam Code: F3
  • Exam Name: F3 Financial Strategy
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NEW QUESTION: 1

A. Option C
B. Option B
C. Option A
D. Option D
Answer: D

NEW QUESTION: 2
Which of the following requires employers to pay social security tax for employees and to withhold the tax amount from employee paychecks?
A. Fair Labor Standards Act (FLSA)
B. Federal Insurance Contributions Act (FICA)
C. Employee Retirement Income Security Act (ERISA)
D. Occupational Safety and Health Administration (OSHA)
Answer: B
Explanation:
Explanation/Reference:
Answer option B is correct.
Federal Insurance Contributions Act (FICA) requires employers to pay social security tax for employees and to withhold the tax amount from employee paychecks.
Answer option D is incorrect. OSHA stands for Occupational Safety and Health Administration. OSHA is an agency of the United States Department of Labor. It was created by Congress of the United States under the Occupational Safety and Health Act, signed by President Richard M Nixon, on December 29, 1970. Its mission is to prevent work-related injuries, illnesses, and occupational fatality by issuing and enforcing standards for workplace safety and health. The agency is headed by a Deputy Assistant Secretary of Labor. OSHA issues guidelines and regulations for the safe use of a computer.
Answer option C is incorrect. The Fair Labor Standards Act (FLSA) of 1938 established the minimum wage requirement, laws for protecting American children against labor exploitation, and Criteria for exempt and nonexempt employees.
Answer option A is incorrect. Employee Retirement Income Security Act (ERISA) is an American federal statute that establishes minimum standards for pension plans in private industry and provides for extensive rules on the federal income tax effects of transactions associated with employee benefit plans.
Reference: "http://en.wikipedia.org/wiki/Federal_Insurance_Contributions_Act_tax" Chapter: Compensation and Benefits
Objective: Benefits

NEW QUESTION: 3
An administrator requests a new VLAN be created to support the installation of a new SAN.
Which of the following data transport?
A. SAS
B. Sonet
C. ISCSI
D. Fibre Channel
Answer: D

NEW QUESTION: 4
A major manufacturer of popular beverages has appointed a local distributor to serve a specific territory. The demand for the beverages has a pronounced seasonal pattern. The distributor performs well overall, but is repeatedly unable to keep up with fulfilling many customer orders during peak demand periods. The distributor's current delivery capability is stretched to deliver 60 tons of merchandise per day whereas the season's peak demand periods need a daily delivery capability of up to 100 tons.
The distributor is under pressure to fully meet the year-round market demand in order to stay in business. The distributor's management wants to identify and consider more cost-effective options as resorting to adding more trucks and drivers would not be economically feasible.
A business analyst (BA) has spent several days observing and measuring the warehouse activities to understand the situation and to gain insights into possible solutions. The delivery workflow is a four-step process: (1) picking the orders and assembling them on trays, (2) bringing the trays to the loading bay, (3) loading the orders into trucks, and (4) delivering the orders to customers. As the following table illustrates, overall performance depends is dependent on five major resources: (1) the workers who pick the orders and load them into trucks, (2) the tallyers who check the orders, (3) the drivers, (4) the trucks, and (5) eight loading bays (LBs).

If the driver's average throughput is 0.6 tons/hour, how many hours per day would 15 drivers have to work to deliver 100 tons of merchandise?
A. 0
B. 1
C. 2
D. 3
Answer: C

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