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NEW QUESTION: 1
Who should be recommended to support the Senior Responsible Owner in his/her responsibility for the delivery of the management system?
A. a decision taking group
B. the senior customer representative
C. the Change Advisory Board (CAB)
D. the service managers
Answer: A
Explanation:
A. Correct. The standard states that the Senior Responsible Owner should be supported by a decision taking group with sufficient authority to define policy and to enforce decisions.
B. Incorrect. The Change Advisory Board is an important group with a specific function which is not as wide as the management system.
C. Incorrect. The senior customer representative may provide input to requirements for the management system but will not be responsible for its delivery.
D. Incorrect. The service managers will implement the management system that is the responsibility of the Senior Responsible Owner.

NEW QUESTION: 2
A web-based front end for a business intelligence application uses pass-through authentication to authenticate users The application then uses a service account, to perform queries and look up data m a database A security analyst discovers employees are accessing data sets they have not been authorized to use. Which of the following will fix the cause of the issue?
A. Change the security model to force the users to access the database as themselves
B. Configure database security logging using syslog or a SIEM
C. Enforce unique session IDs so users do not get a reused session ID
D. Parameterize queries to prevent unauthorized SQL queries against the database
Answer: D

NEW QUESTION: 3
Ivan Johnson is reviewing the investment merits of BioTLab, a fast-growing biotechnology company.
BioTLab has developed several drugs, which arc being licensed to major drug companies. BioTLab also has several drugs in phase III trials (phase III trials are the last testing stage before FDA approval).
Johnson notes that two drugs recently received approval which should provide BioTLab solid revenue growth and generate predictable cash flow well into the future. Based on the potential for the two drugs, BioTLab's estimated annual cash flow growth rate for the next two years is 25%, and long-term growth is expected to be 12%. Because of BioTLab's attractive investment opportunities, the company does not pay a dividend. BioTLab's current weighted average cost of capital is 15% and its stock is currently trading at
$50 per share. Financial information for BioTLab for the most recent 12 months is provided below:
* Net working capita! excluding cash increased from $7,460,000 to $9,985,000;
* Book value increased from $81,250,000 to $101,250,000.
* BioTLab currently has no debt.
* Research facilities and production equipment were purchased for $8,450,000.
* BioTLab held non-operating assets in the amount of $875,000.
* Net income for the 12 months was $20,000,000.
* BioTLab has a marginal tax rate of 40%.
* Noncash charges for depreciation and restructuring for the 12 months were $1,250,000.
BioTLab's management has indicated an interest in establishing a dividend and will fund new drug research by issuing additional debt.
Johnson also reviews a competitor to BioTLab, Groh Group, which has a larger segment operating in a highly cyclical business. The Groh Group has a debt to equity ratio of 1.0 and pays no dividends. In addition, Groh Group plans to issue bonds in the coming year.
Ten years have passed and BioTLab's drug pipeline has generated the expected growth. To support BioTLab's growth, the company levered its balance sheet to a debt-to-equity ratio of 35%. The company recently started paying a dividend equaling 10% of earnings. The company's current return on assets is
10%, with a tax rate of 40% and pretax interest rate of 6%. BioTLab's FCFE equals $20,000,000 and FCFF equals $24,000,000. The company's WACC equals 11% and the required rale of return on equity equals
13%. The FCFE model calculates a value for BioTLab of $1,110,000,000 and the FCFF model calculates a value of $1,308,000,000. Calculate BioTLab's new expected growth rate using the FCFF model.
A. 10%.
B. 11%.
C. 9%.
Answer: C
Explanation:
Explanation/Reference:
Explanation:

The growth rate in the FCFE is greater than the growth rate in the FCFF because of the leverage effect.
(Study Session 12, LOS 41.k)