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NEW QUESTION: 1
Which of the following is associated with a buyer's request for material to meet a particular need:
A. Implied warranty of fitness for a particular purpose
B. A and C only
C. Material guarantee
D. Material warranty
E. Implied warranty of salability
Answer: A
Explanation:
Section: (none) Explanation/Reference: A warranty or guarantee as in (A or B) above should just be an agreement to deliver the goods or services in a non-defective condition. Implied warranty of salability (C) or merchantability just says that the goods should be suitable for the general purpose that such goods are used for. Implied warranty of fitness for a particular purpose (D) refers to the warranty that the goods sold to the buyer are suitable for the special purpose of the buyer. So, answer would be D.

NEW QUESTION: 2
An installer is implementing a Modular Messaging Single Server configuration.
Which kind of file can the installer use to pre-populate data such as networking information in the pre-installation web pages?
A. DCT
B. MSI
C. EPW
D. OVF
Answer: C

NEW QUESTION: 3
Which of the following statements is true about futures contracts?
A. They can be created for any asset over any period of time and for any amount.
B. They are marked-to-market on a daily basis.
C. Their margin requirements are normally 50%.
D. Their losses are limited to the initial investment divided by the margin requirement.
Answer: B

NEW QUESTION: 4
During an assurance engagement, an internal auditor discovered that a sales manager approved numerous sales contracts for values exceeding his authorization limit. The auditor reported the finding to the audit supervisor, noting that the sales manager had additional new contracts under negotiation. According to IIA guidance, which of the following would be the most appropriate next step?
A. The audit supervisor should communicate the finding to the supervisor of the sales manager through an interim report.
B. The auditor should not reference the new contracts, because they are not yet signed and therefore cannot be included in the final report.
C. The audit supervisor should include the new contracts in the finding for the final audit report.
D. The audit supervisor should remind the sales manager of his authority limit for the contracts under negotiation.
Answer: A