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NEW QUESTION: 1
Section A (1 Mark)
Which of the following is least indicative of the pyramid structure seen when individuals create portfolios?
A. People tend to place their money into different "buckets", which is referred to as mental accounting.
B. The correlation between the assets in the pyramid is ignored.
C. Individuals sub consciously view the pyramid as having a single level of risk.
D. None of These
Answer: C

NEW QUESTION: 2
The Quality Assurance team is testing a new third party developed application. The Quality team does not
have any experience with the application. Which of the following is the team performing?
A. White box testing
B. Grey box testing
C. Black box testing
D. Penetration testing
Answer: C
Explanation:
Section: Threats and Vulnerabilities
Explanation/Reference:
Explanation:
Black-box testing is a method of software testing that examines the functionality of an application without
peering into its internal structures or workings. This method of test can be applied to virtually every level of
software testing: unit, integration, system and acceptance. It typically comprises most if not all higher level
testing, but can also dominate unit testing as well.
Specific knowledge of the application's code/internal structure and programming knowledge in general is
not required. The tester is aware of what the software is supposed to do but is not aware of how it does it.
For instance, the tester is aware that a particular input returns a certain, invariable output but is not aware
of how the software produces the output in the first place.

NEW QUESTION: 3
A compliance officer is looking to modify procedures covering correspondent banking relationships. Which three would be recommended under the Wolfsburg Principles on Correspondent Banking? Choose 3 answers
A. Assessing the regulatory status and history of the client
B. Periodic risk-based reviews of cents
C. Prohibition on offering products or services to shell banks
D. Risk-based rating of central banks and regional development banks
Answer: A,B,C