ACFE CFE-Fraud-Prevention-and-Deterrence Q&A - in .pdf

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NEW QUESTION: 1
Which one of the following options is CORRECT about Temporal Tables?
A. Temporal tables are used to model data in the past, present, and future.
B. Temporal tables require constant changes to the operating system timestamp in order to navigate through time in the database.
C. Temporal tables are complex to maintain and require major application changes.
D. Temporal tables are used to model data in the past and present. They cannot be used to model data in the future.
Answer: A

NEW QUESTION: 2
You issue the RMAN commands:
RMAN> CONFIGURE DEFAULT DEVICE TYPE TO disk;
RKAN> CONFIGURE DEVICE TYPE DISK BACKUP TYPE TO COPY;
RMAN>CONFIGURE CONTROLFILE AUTOBACKUP ON;
RMAN> BACKUP DATABASE PLUS ARCHIVELOG DELETE INPUT;
Which three tasks are performed by the BACKUP DATABASE command?
A. backing up all data files as image copies and archive log files, and deleting those archive log files
B. backing up only the used blocks in the data files
C. switching the online redo log file
D. backing up all used and unused blocks in the data files
E. backing up all archived log files and marking them as obsolete
Answer: B,C,E

NEW QUESTION: 3
Beal, Inc. intends to lease a machine from Paul Corporation. Beal's incremental borrowing rate is 14%.
The prime rate of interest is 8%. Paul's implicit rate in the lease is 10%, which is known to Beal. What interest rate will be used to calculate the minimum lease payments?
A. 10%
B. 8%
C. 14%
Answer: A
Explanation:
The lessor wants to either recover the fair market value of the asset it is selling or recover whatever is possible. The lessor's implicit rate in the lease is the rate of interest that the lessor charges the lessee for providing financing. The implicit rate is usually higher than the lessor's own borrowing rate so that the lessor makes a profit on the interest spread. The lessee's incremental borrowing rate does not enter into this calculation. The prime rate (8%) is never used unless it happens to be the same as the implicit rate.

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