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NEW QUESTION: 1
Which of the following contract types is described in the statement below?
"The seller is reimbursed for all allowable costs for performing the contract work, and receives a fixed payment calculated as a percentage for the initial estimated project costs."
A. Cost Plus Incentive Fee Contracts (CPIF)
B. Fixed Price Incentive Fee Contracts (FPIF)
C. Firm Fixed Price Contracts (FFP)
D. Cost Plus Fixed Fee Contracts (CPFF)
Answer: D
NEW QUESTION: 2
You create and post a payment journal with a method of payment that is configured with bridging account.
The bank notifies you that the payment has cleared the account.
What should you do next?
A. Create a general journal,adding lines to debit the bridging accounts and credit the bank account, then use the Bridged transaction feature to mark the journal lines for settlement.
B. Create a general journal, and use theBridged transactions feature to select and move the payment to a Bank account.
C. Create a general journal with an offset account for the correct bank, and use the Settlement feature to select the Bridged transactions to clear.
D. Create a general journal, adding lines to debit the bridging account and credit the bank account, then use the bank reconciliation feature to settle the Bridged transaction with the bank transaction.
Answer: D
NEW QUESTION: 3
An IS auditor assessing the controls within a newly implemented call center would FIRST
A. gather information from the customers regarding response times and quality of service.
B. review the manual and automated controls in the call center.
C. evaluate the operational risk associated with the call center.
D. test the technical infrastructure at the call center.
Answer: C