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NEW QUESTION: 1
For each subledger, there must be one _____.
A. journal category
B. account type
C. journal type
D. journal source
Answer: D
NEW QUESTION: 2
Bronson provides investment advice to the board of trustees of a private university endowment fund. The trustees have provided Bronson with the fund's financial information, including planned expenditures.
Bronson receives a phone call on Friday afternoon from Murdock, a prominent alumnus, requesting that Bronson fax him comprehensive financial information about the fund. According to Murdock, he has a potential contributor but needs the information that day to close the deal and cannot contact any of the trustees. Based on AIMR Standards, Bronson should:
A. send Murdock the information, provided Bronson promptly notifies the trustees.
B. not send Murdock the information to preserve confidentiality.
C. send Murdock the information because it is not material nonpublic information.
D. send Murdock the information because disclosure would benefit the client.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
This question deals with Standard IV (B.1), Fiduciary Duties and Standard IV (B.5), Preservation of Confidentiality. Bronson owes a fiduciary duty to the fund trustees. He cannot disclose confidential financial information to anyone without the permission of the fund, regardless of whether the disclosure may benefit the fund. The fund must be notified and permission obtained before the information is publicized. Even if the information were nonmaterial, the member cannot disclose it because it is confidential.
NEW QUESTION: 3
Which is a supported management switch?
A. Cisco Nexus 5020
B. Cisco Nexus 5010
C. Cisco Catalyst 2960
D. Cisco Nexus 7000
E. Brocade 8000
F. Brocade FLS624
Answer: C