Exam Code: CAD
Exam Name: Certified Application Developer-ServiceNow
Version: V13.25
Q & A: 72 Questions and Answers
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NEW QUESTION: 1
Which of the following models is used to determine, implement, monitor, control, and maintain Information Security Management System or ISMS?
A. Continual Service Improvement Model
B. Service Model
C. PDCA model
D. RACI model
Answer: C
NEW QUESTION: 2
A. 0
B. 1
C. 2
D. 3
Answer: B
NEW QUESTION: 3
When the supply of and demand for a good both increase:
A. Equilibrium price will increase.
B. Equilibrium price may increase, decrease, or remain unchanged.
C. Equilibrium price will decrease.
D. Equilibrium quantity may increase, decrease, or remain unchanged.
Answer: B
Explanation:
Choice "c" is correct. When the supply of and demand for a good both increase, equilibrium quantity
increases. However, the impact on price is indeterminate. If demand and supply increase by the same
amount, price will remain unchanged (as illustrated above). However, if demand increases by more than
supply, price will increase. Conversely, if supply increases by more than demand, price will decrease.
Choices "a" and "b" are incorrect, since the impact on price is indeterminate. Choice "d" is incorrect, since
equilibrium quantity will increase.
NEW QUESTION: 4
A broker-dealer of commodity futures contracts has been profiting by trading for its own account either before or after executing a client's trade on the same commodity, depending on which will be most advantageous. Under the Uniform Securities Act, the broker-dealer is guilty of
A. nothing. The Uniform Securities Act (USA) deals only with securities, and a commodity futures contract is not a security.
B. unauthorized transactions.
C. fraud.
D. churning.
Answer: A
Explanation:
Explanation/Reference:
Explanation: A broker-dealer of commodity futures contracts is guilty of nothing under the Uniform Securities Act since a commodity futures contract is not a security as defined by the USA. The broker- dealer may, however, find himself in trouble with the Commodity Futures Trading Commission, which is the regulatory agency of the futures market.
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