WGU Financial-Management Q&A - in .pdf

  • Financial-Management pdf
  • Exam Code: Financial-Management
  • Exam Name: WGU Financial Management VBC1
  • PDF Version: V19.35
  • Q & A: 365 Questions and Answers
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NEW QUESTION: 1
Which of the following controls most likely would give the greatest assurance that securities held as
investments are safeguarded?
A. Proceeds from the sale of investments are received by an employee who does not have access to
securities.
B. There is no access to securities between the year-end and the date of the auditor's security count.
C. Access to securities requires the signatures and presence of two designated officials.
D. Investment acquisitions are authorized by a member of the Board of Directors before execution.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. Requiring the signatures and presence of two designated officials in order to gain
access to securities is an internal control that provides assurance regarding the safeguarding of
securities.
Choice "A" is incorrect. Having no access to securities between the year-end and the date of the auditor's
security count would assure that no securities are added or taken away before the auditor counts them,
but it would not ensure that securities are safeguarded for the entire year.
Choice "B" is incorrect. Proceeds from the sale of investments should be received by an employee who
does not have access to securities, but this control does not prevent the theft of investments that are not
sold.
Choice "C" is incorrect. Requiring authorization from a member of the board of directors before execution
assures that investment purchases are approved and consistent with the financial philosophy of the
organization (level of financial risk that the company is willing to accept), but this approval does not provide
assurance that the assets will be safeguarded.

NEW QUESTION: 2
User is not the Owner of record and he has given READ/WRITE permission using Manual Sharing. However his profile only has READ permission. What will be actual permission for that record of that user.
A. Can only edit what he owns
B. Can edit
C. Can read only
D. Can delete record
Answer: C

NEW QUESTION: 3
HOTSPOT


Answer:
Explanation:

Explanation:

Hyper-V integration services are updated with a new service that allows Hyper-V administrators to copy files to the virtual machine while the virtual machine is running without using a network connection.
In previous versions of Hyper-V, a Hyper-V administrator may have needed to shut down a virtual machine to copy files to it. A new Hyper-V integration service has been added that allows the Hyper-V administrator to copy files to a running virtual machine without using a network connection. This will eliminate time synchronization.

NEW QUESTION: 4

A. Option E
B. Option A
C. Option B
D. Option D
E. Option C
Answer: A,B,C
Explanation:
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