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NEW QUESTION: 1
During the PY 2008-09 a charitable trust earned an income of Rs. 5 lakh out of which Rs. 3 lakh was received during the PY 2008-09 and the balance Rs. 2 lakh was received during the PY 2010-2011.To claim full exemption of Rs. 5 lakh in the PY 2008-09, state:

A. Rs.1,25,000 ; Rs. 2,00,000; Rs. 2,25,000; 31st December 2012
B. Rs.1,25,000 ; Rs. 2,00,000; Rs. 2,25,000; 31st March 2012
C. Rs.75,000 ; Rs 2,25,000 ; Rs.2,00,000; 31st December 2012
D. Rs.75,000 ; Rs2,25,000 ; Rs.2,00,000; 31st March 2012
Answer: D

NEW QUESTION: 2
Risks to an organization's image are referred to as what kind of risk?
A. Financial
B. Information
C. Strategic
D. is incorrect. Risk associated with leakage of information to an unauthorized person does not affect organization's image.
E. Operational
F. Explanation:
Strategic risks are those risks which have potential outcome of not fulfilling on strategic objectives of the organization as planned. Since the strategic objective will shape and impact the entire organization, the risk of not meeting that objective can impose a great threat on the organization. Strategic risks can be broken down into external and internal risks: External risks are those circumstances from outside the enterprise which will have a potentially damaging or helpful impact on the enterprise. These risks include sudden change of economy, industry, or regulatory conditions. Some of the external risks are predictable while others are not. For instance, a recession may be predictable and the enterprise may be able to hedge against the dangers economically; but the total market failure may not as predictable and can be much more devastating. Internal risks usually focus on the image or reputation of the enterprise. some of the risks that are involved in this are public communication, trust, and strategic agreement from stakeholders and customers.
Reference: CRISC, Contents: "Assessing Risks"
G. is incorrect. Financial risks are not directly linked with organization's reputation.
Answer: C,D,F,G
Explanation:
is incorrect. Operational risks are those risk that are associated with the day-to-day operations of the enterprise. They are generally more detailed as compared to strategic risks. It is the risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events. Some sub-categories of operational risks include:
Organizational or management related risks
Information security risks
Production, process, and productivity risks
Profitability operational risks
Business interruption risks
Project activity risks
Contract and product liability riss
Incidents and crisis
Illegal or malicious acts

NEW QUESTION: 3
Frank is the project manager of the NHQ project for his company. Frank is working with the project team, key stakeholders, and several subject matter experts on risks dealing with the new materials in the project.
Frank wants to utilize a risk analysis method that will help the team to make decisions in the presence of the current uncertainty surrounding the new materials. Which risk analysis approach can Frank use to create an approach to make decisions in the presence of uncertainty?
A. Quantitative risk analysis process
B. Qualitative risk analysis process
C. Delphi Technique
D. Monte Carlo Technique
Answer: A