ASIS APP EXAM- Protection of Assets - Security
Management| QUESTIONS AND WELL VERIFIED
ANSWERS |ACTUAL EXAM 100%
The following three topics can help communicate an organization's strategy? -
✔✔Vision
mission
objectives
1.2.2
To meet its objectives and implement a strategy, a business must pay attention to its
primary resource. That is? - ✔✔It's people
1.3
After employees, what is an organization's second most valuable resource? -
✔✔Corporate knowledge.
1.3.2
The basis of financial management is understanding....... - ✔✔the accounting
principles generate financial reports.
2
A company has two options if it wishes to improve margins, they are? - ✔✔Reduce
costs or increase the price of its product or service.
2.1
,There are three financial reports or statements that have become accepted as the
standard, those are? - ✔✔The income statement
balance sheet
statement of cash flows
2.2
What is GAAP? - ✔✔General accepted accounting principles
2.2
What does an income statement tell? - ✔✔How much money an organization
generates (revenue),
how much it spends (expenses),
the difference between those figures (net income)
2.2.1
Net income equals - ✔✔revenue minus expenses
Expenses are typically grouped into several categories, Five of those are? - ✔✔Cost of
goods sold,
sales and marketing,
administrative,
interest,
taxes,
2.2.1
, What is a balance sheet? - ✔✔A balance sheet summarizes an organization's
investing and financing
2.2.2
What is an asset? - ✔✔Anything that a company owns or has title of, that may
provide a future economic benefit.
2.2.2
What are liabilities? - ✔✔An organizations financial commitments
2.2.2
What is shareholder equity? - ✔✔The amount of ownership allocated to
shareholders.
2.2.2
Accounts Payable - ✔✔Accounts on which an organization owes money.
2.2.2
What is a cash flow statement? - ✔✔A document that provides insight into how cash
inflows and outflows affect an organization.
2.2.3
A cash flow statement shows three items. They are? - ✔✔Net operating cash flow,
net investing cash flow,
financing cash flow.
Management| QUESTIONS AND WELL VERIFIED
ANSWERS |ACTUAL EXAM 100%
The following three topics can help communicate an organization's strategy? -
✔✔Vision
mission
objectives
1.2.2
To meet its objectives and implement a strategy, a business must pay attention to its
primary resource. That is? - ✔✔It's people
1.3
After employees, what is an organization's second most valuable resource? -
✔✔Corporate knowledge.
1.3.2
The basis of financial management is understanding....... - ✔✔the accounting
principles generate financial reports.
2
A company has two options if it wishes to improve margins, they are? - ✔✔Reduce
costs or increase the price of its product or service.
2.1
,There are three financial reports or statements that have become accepted as the
standard, those are? - ✔✔The income statement
balance sheet
statement of cash flows
2.2
What is GAAP? - ✔✔General accepted accounting principles
2.2
What does an income statement tell? - ✔✔How much money an organization
generates (revenue),
how much it spends (expenses),
the difference between those figures (net income)
2.2.1
Net income equals - ✔✔revenue minus expenses
Expenses are typically grouped into several categories, Five of those are? - ✔✔Cost of
goods sold,
sales and marketing,
administrative,
interest,
taxes,
2.2.1
, What is a balance sheet? - ✔✔A balance sheet summarizes an organization's
investing and financing
2.2.2
What is an asset? - ✔✔Anything that a company owns or has title of, that may
provide a future economic benefit.
2.2.2
What are liabilities? - ✔✔An organizations financial commitments
2.2.2
What is shareholder equity? - ✔✔The amount of ownership allocated to
shareholders.
2.2.2
Accounts Payable - ✔✔Accounts on which an organization owes money.
2.2.2
What is a cash flow statement? - ✔✔A document that provides insight into how cash
inflows and outflows affect an organization.
2.2.3
A cash flow statement shows three items. They are? - ✔✔Net operating cash flow,
net investing cash flow,
financing cash flow.
