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NEW QUESTION: 1
An auditor decides to perform an inventory turnover analysis for both raw materials inventory and finished goods inventory. The analysis would be potentially useful in:
I. Identifying products for which management has not been attuned to changes in market demand.
II. Identifying potential problems in purchasing activities.
III. Identifying obsolete inventory.
A. I and II only
B. III only
C. I, II, and III
D. II and III only
NEW QUESTION: 2
A security analyst has been asked to develop a quantitative risk analysis and risk assessment for the company's online shopping application. Based on heuristic information from the Security Operations Center (SOC), a Denial of Service Attack (DoS) has been successfully executed 5 times a year. The Business Operations department has determined the loss associated to each attack is $40,000. After implementing application caching, the number of DoS attacks was reduced to one time a year. The cost of the countermeasures was $100,000. Which of the following is the monetary value earned during the first year of operation?
ALE before implementing application caching:
ALE = ARO x SLE
ALE = 5 x $40,000
ALE = $200,000
ALE after implementing application caching:
ALE = ARO x SLE
ALE = 1 x $40,000
ALE = $40,000
The monetary value earned would be the sum of subtracting the ALE calculated after implementing application caching and the cost of the countermeasures, from the ALE calculated before implementing application caching.
Monetary value earned = $200,000 - $40,000 - $100,000
Monetary value earned = $60,000