PROTECTION OF ASSETS - SECURITY MANAGEMENT ASIS EXAM QUESTIONS AND

PROTECTION OF ASSETS - SECURITY MANAGEMENT ASIS
EXAM QUESTIONS AND ANSWERS
The following three topics can help communicate an organization's strategy? - CORRECT
ANSWER✅✅✅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? - CORRECT ANSWER✅✅✅It's people

1.3



After employees, what is an organization's second most valuable resource? - CORRECT
ANSWER✅✅✅Corporate knowledge.

1.3.2



The basis of financial management is understanding....... - CORRECT ANSWER✅✅✅the accounting
principles generate financial reports.

2



A company has two options if it wishes to improve margins, they are? - CORRECT
ANSWER✅✅✅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? -
CORRECT ANSWER✅✅✅The income statement

balance sheet

statement of cash flows

2.2

, What is GAAP? - CORRECT ANSWER✅✅✅General accepted accounting principles

2.2



What does an income statement tell? - CORRECT ANSWER✅✅✅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 - CORRECT ANSWER✅✅✅revenue minus expenses



Expenses are typically grouped into several categories, Five of those are? - CORRECT
ANSWER✅✅✅Cost of goods sold,

sales and marketing,

administrative,

interest,

taxes,

2.2.1



What is a balance sheet? - CORRECT ANSWER✅✅✅A balance sheet summarizes an organization's
investing and financing

2.2.2



What is an asset? - CORRECT ANSWER✅✅✅Anything that a company owns or has title of, that may
provide a future economic benefit.

2.2.2



What are liabilities? - CORRECT ANSWER✅✅✅An organizations financial commitments