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NEW QUESTION: 1
An American importer expects to pay a British supplier 500,000 British pounds in three months. Which of
the following hedges is best for the importer to fix the price in dollars?
A. Buying British pound put options.
B. Buying British pound call options.
C. Selling British pound put options.
D. Selling British pound call options.
Answer: B
Explanation:
Choice "a" is correct. To fix a price in dollars to buy British pounds, British pound call options should be
purchased. Call options would allow, but not require, the purchaser of the call to acquire the currency
(British pounds) for a specified price at or before a specified time in the future. If the price goes down, the
purchaser (the importer) would exercise the options; if not, the purchaser (importer) would buy the British
pounds in the market and let the options expire. British pound futures could also be used, but that was not
one of the choices listed. Choice "b" is incorrect. Buying British pound put options would allow, but not
require, the purchaser of the put to sell the currency for a specified price at a specified time in the future.
Since the importer needs British pounds, buying put options would not work. The importer needs to end
up with British pounds. Choice "c" is incorrect. Selling British pound put options would not work. The
importer needs to end up with British pounds. Selling put options could work, but the option would be
exercised, or not, by the purchaser and not by the importer. If the options were not exercised, the importer
could end up with nothing (other than the option premium). Choice "d" is incorrect. Selling British pound
call options would not work. The importer needs to end up with British pounds; if call options are sold, the
other party can exercise the options or let them expire, and if the options were exercised, the importer
would have to supply the British pounds. This answer is backwards.

NEW QUESTION: 2
CORRECT TEXT
A UK user creates a task on a lead for an Indian user for 24/07/2012. The reminder for the task is
scheduled for13:00 on 24/07/2012.The difference between UK time & India time is 4.5 hours.
When the India user logs in, he will see the reminder scheduled for 13:00 or 17:30?
Answer:
Explanation:
17:30

NEW QUESTION: 3
Which of the following is NOT a Generally Accepted System Security Principle (GASSP)?
A. Systems owners have security responsibilities outside their organization.
B. Computer security supports the mission of the organization
C. The conception of computer viruses and worms is unethical.
D. Computer security should be cost-effective
Answer: C
Explanation:
The Generally Accepted System Security Principles (GASSP) are security-oriented principles and do not specifically cover viruses or worms. However it is not a best practice to create and distribute worms :-)
GAISP is based on a solid consensus-building process that is central to the success of this approach. Principles at all levels are developed by information security practitioners who fully understand the underlying issues of the documented practices and their application in the real world. Then, these principles will be reviewed and vetted by skilled information security experts and authorities who will ensure that each principle is:
Accurate, complete, and consistent
Compliant with its stated objective
Technically reasonable
Well-presented, grammatically and editorially correct
Conforms to applicable standards and guideline
The principles are:
1.Computer security supports the mission of the organization
2.Computer security is an integral element of sound management
3.Computer security should be cost-effective
4.Systems owners have security responsibilities outside their own organization
5.Computer security responsibilities and accountability should be made explicit
6.Computer security requires a comprehensive and integrated approach
7.Computer security should be periodically reassessed
8.Computer security is constrained by societal factors
NOTE:
The GAISP are no longer supported or active. NIST is now producing standards for the US
government. However there are still remnant of GAISP on the exam and as you can see the list is
most certainly applicable today on the ethics side.
The GAISP is also known as NIST SP 800-14, see the following link:
http://csrc.nist.gov/publications/nistpubs/800-14/800-14.pdf
References used for this question:
KRUTZ, Ronald L. & VINES, Russel D., The CISSP Prep Guide: Mastering the Ten Domains of
Computer Security, John Wiley & Sons, 2001, Chapter 9: Law, Investigation, and Ethics (page
302).
and
GAISP Version 3.0, http://all.net/books/standards/GAISP-v30.pdf