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[Show more]BEC Exam Questions & Answers 2024/2025 
 
 
COBIT Framework Definition - ANSWERSTo provide the information that the organization needs to achieve its objectives, IT resources need to be managed by a set of naturally grouped processes 
 
COBIT DOMAINS - ANSWERSPO AIDS ME 
 
Plan and Organize 
Acquir...
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COBIT Framework Definition - ANSWERSTo provide the information that the organization needs to achieve its objectives, IT resources need to be managed by a set of naturally grouped processes 
 
COBIT DOMAINS - ANSWERSPO AIDS ME 
 
Plan and Organize 
Acquir...
BEC Test Questions & Answers 2024/2025 
 
 
How does the principles-based approach support an effective system of internal control under the COSO framework? - ANSWERSAn effective system of internal control requires the use of judgement in determining the sufficiency of controls, applying the proper ...
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How does the principles-based approach support an effective system of internal control under the COSO framework? - ANSWERSAn effective system of internal control requires the use of judgement in determining the sufficiency of controls, applying the proper ...
BEC 2024 Exam Questions & Answers 100% CORRECT
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BEC COSO ERM Exam Questions & Answers 2024/2025 
 
 
COSO Framework consists of - ANSWERS3 objectives 
5 internal components 
17 principles 
 
3 objectives of COSO framework - ANSWERS-Operations 
-Reporting 
-Compliance 
 
(ORC) 
 
5 internal control components of COSO framework - ANSWERS-Control en...
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COSO Framework consists of - ANSWERS3 objectives 
5 internal components 
17 principles 
 
3 objectives of COSO framework - ANSWERS-Operations 
-Reporting 
-Compliance 
 
(ORC) 
 
5 internal control components of COSO framework - ANSWERS-Control en...
BEC MCQs Test Questions & Answers 2024/2025 
 
 
B-2 As a company becomes more conservative with respect to working capital policy, it would tend to have a - ANSWERSIncrease in the ratio of current assets to noncurrent assets 
 
RULE: working capital policy is deemed to be more conservative as an in...
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B-2 As a company becomes more conservative with respect to working capital policy, it would tend to have a - ANSWERSIncrease in the ratio of current assets to noncurrent assets 
 
RULE: working capital policy is deemed to be more conservative as an in...
BEC Study Guide Exam Questions & Answers 2024/2025 
 
 
Segregated IT Roles - ANSWERSOperators, Programmers, and Librarians 
 
Systems Analyst - ANSWERSDesigns or Purchases IT System 
Responsible for Flowcharts 
Liaison between users and Programmers 
 
Systems Administrator - ANSWERSControls Databas...
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Segregated IT Roles - ANSWERSOperators, Programmers, and Librarians 
 
Systems Analyst - ANSWERSDesigns or Purchases IT System 
Responsible for Flowcharts 
Liaison between users and Programmers 
 
Systems Administrator - ANSWERSControls Databas...
BEC Exam 1 Questions & Answers 2024/2025 
 
 
Physical Controls - ANSWERSMonitor and control the environment of the workplace and computing facilities 
Examples include: 
- Segregation of duties 
- Monitoring and control of access to and from the facilities 
- Backup files 
- Uninterrupted power sup...
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Physical Controls - ANSWERSMonitor and control the environment of the workplace and computing facilities 
Examples include: 
- Segregation of duties 
- Monitoring and control of access to and from the facilities 
- Backup files 
- Uninterrupted power sup...
BEC Exam 1 Study Questions & Answers 2024/2025 
 
 
In addition, the audit committee is the recipient of numerous _ from management and the _ _ and is responsible for specific reporting. The various sections of the SOX Act are rigorous and place significant reporting burdens on management and the bo...
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In addition, the audit committee is the recipient of numerous _ from management and the _ _ and is responsible for specific reporting. The various sections of the SOX Act are rigorous and place significant reporting burdens on management and the bo...
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Add to cartBEC B1 M2 Exam Questions & Answers 2024/2025
BEC B3 Exam Questions & Answers 2024/2025 
 
 
What are product costs? - ANSWERSPRODUCT COSTS ARE INVENTORY/INVENTORIABLE COSTS 
 
Assets that remain on the B/S until they are sold 
 
all costs associated with mfg. a product 
 
FORMULA: 
 
product cost - ANSWERSDM + DL + MOH 
 
What are period costs...
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What are product costs? - ANSWERSPRODUCT COSTS ARE INVENTORY/INVENTORIABLE COSTS 
 
Assets that remain on the B/S until they are sold 
 
all costs associated with mfg. a product 
 
FORMULA: 
 
product cost - ANSWERSDM + DL + MOH 
 
What are period costs...
BEC B1 M5 Exam Questions & Answers 2024/2025 
 
 
What is Risk Averse? - ANSWERSbehavior describes an individual who demand more return on an investment as risk increases. These managers expect to be compensated for increased risk 
 
What is Risk Seeking? - ANSWERSDescribes an individual who seek re...
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What is Risk Averse? - ANSWERSbehavior describes an individual who demand more return on an investment as risk increases. These managers expect to be compensated for increased risk 
 
What is Risk Seeking? - ANSWERSDescribes an individual who seek re...
BEC Formulas Exam Questions & Answers 2024/2025 
 
 
Reorder Point - ANSWERSAVG Daily Demand * AVG Lead Time = # Reorder + Safety Stock = Reorder Point 
 
Inventory Turnover - ANSWERSCOGS/AVG Inventory 
 
# Days Supply in Inventory - ANSWERS360/Inventory Turnover 
 
Convert PV of Ordinary Annuity to...
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Reorder Point - ANSWERSAVG Daily Demand * AVG Lead Time = # Reorder + Safety Stock = Reorder Point 
 
Inventory Turnover - ANSWERSCOGS/AVG Inventory 
 
# Days Supply in Inventory - ANSWERS360/Inventory Turnover 
 
Convert PV of Ordinary Annuity to...
BEC 2024 Test Questions & Answers 100% CORRECT 
 
 
monopolistic competition - ANSWERSA market structure in which barriers to entry are low and many firms compete by selling similar, but not identical, products (differentiated). Distinguished by it's larger variety in projects and higher price per ...
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monopolistic competition - ANSWERSA market structure in which barriers to entry are low and many firms compete by selling similar, but not identical, products (differentiated). Distinguished by it's larger variety in projects and higher price per ...
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Add to cartBEC BSC Exam Questions & Answers 2024/2025
BEC EXAM B2 QUESTIONS & ANSWERS 2024/2025 
 
 
Define capital structure - ANSWERSmix of LT & ST debt and equity (common and preferred) used to raise money for a company 
 
WACC is often times called the - ANSWERShurdle rate 
 
Define hurdle rate - ANSWERSthe minimum rate that a company expects to ea...
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Add to cartBEC EXAM B2 QUESTIONS & ANSWERS 2024/2025 
 
 
Define capital structure - ANSWERSmix of LT & ST debt and equity (common and preferred) used to raise money for a company 
 
WACC is often times called the - ANSWERShurdle rate 
 
Define hurdle rate - ANSWERSthe minimum rate that a company expects to ea...
BEC exam grade A+ questions & answers 2024/2025 
 
 
COSO objectives , components and principals - ANSWERS3 objectives (ORC) , 5 components (CRIME) , 17 principles, 
EBOCA 
SAFR 
OIE 
SoD 
CAT P 
 
coso is an integrated framework to assess IC effectiveness, PRINCIPAL based not rules based, 
 
how to...
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COSO objectives , components and principals - ANSWERS3 objectives (ORC) , 5 components (CRIME) , 17 principles, 
EBOCA 
SAFR 
OIE 
SoD 
CAT P 
 
coso is an integrated framework to assess IC effectiveness, PRINCIPAL based not rules based, 
 
how to...
BEC B6 Exam Questions & Answers 2024/2025 
 
 
Business Process Management - ANSWERSA management approach that seeks to coordinate the functions of an organization toward an ultimate goal of continuous improvement in customer satisfaction 
 
5 categories of business process management activities - A...
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Business Process Management - ANSWERSA management approach that seeks to coordinate the functions of an organization toward an ultimate goal of continuous improvement in customer satisfaction 
 
5 categories of business process management activities - A...
BEC IT Exam Questions & Answers 2024/2025 
 
 
Which of the following statements is (are) true. 
I. A greater level of control is necessary in automated than manual systems. 
II. The uniformity of transaction processing is higher in automated than manual systems. - ANSWERSStatement II is correct. Au...
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Which of the following statements is (are) true. 
I. A greater level of control is necessary in automated than manual systems. 
II. The uniformity of transaction processing is higher in automated than manual systems. - ANSWERSStatement II is correct. Au...
BEC Practice Exam Questions & Answers 2024/2025 
 
 
The opportunity cost of making a component part where there is no alternative use for the factory is? - ANSWERSZero. If there is excess capacity, then it is not possible to have an opportunity cost because nothing is being foregone. 
 
In the long...
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The opportunity cost of making a component part where there is no alternative use for the factory is? - ANSWERSZero. If there is excess capacity, then it is not possible to have an opportunity cost because nothing is being foregone. 
 
In the long...
BEC Variance Formulas Exam Grade A+ Questions & Answers 2024/2025
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BEC Exam 6 Module 1 Questions & Answers 2024/2025 
 
 
Module 1 (Process Management) Begins Here... - ANSWERS 
 
What Is "Business Process Management" (BPM)? 
What Are The Business Process Management Activities? (6) 
What Is The General Technique/Approach To Process Management? (5) 
What Is The Ge...
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Add to cartBEC Exam 6 Module 1 Questions & Answers 2024/2025 
 
 
Module 1 (Process Management) Begins Here... - ANSWERS 
 
What Is "Business Process Management" (BPM)? 
What Are The Business Process Management Activities? (6) 
What Is The General Technique/Approach To Process Management? (5) 
What Is The Ge...
BEC Mnemonics Test Questions & Answers 2024/2025 
 
 
COSO Framework Objectives - ANSWERSORC 
 
ORC - ANSWERSOperations 
Reporting 
Compliance 
 
Components of Internal Control - ANSWERSCRIME 
 
CRIME - ANSWERSControl Environment 
Risk Assessment 
Information and Communication 
Monitoring Activities...
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Add to cartBEC Mnemonics Test Questions & Answers 2024/2025 
 
 
COSO Framework Objectives - ANSWERSORC 
 
ORC - ANSWERSOperations 
Reporting 
Compliance 
 
Components of Internal Control - ANSWERSCRIME 
 
CRIME - ANSWERSControl Environment 
Risk Assessment 
Information and Communication 
Monitoring Activities...
BEC B1 Grade A+ Exam Questions & Answers 2024/2025 
 
 
COSO Objectives - ANSWERS(ROC) 
Reporting: timeliness, reliability, and transparency 
Operations: Efficiency & Effectiveness, Safeguard assets 
Compliance: adherence to all laws and regulations 
 
COSO Components - ANSWERSCRIME 
 
Internal Co...
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Add to cartBEC B1 Grade A+ Exam Questions & Answers 2024/2025 
 
 
COSO Objectives - ANSWERS(ROC) 
Reporting: timeliness, reliability, and transparency 
Operations: Efficiency & Effectiveness, Safeguard assets 
Compliance: adherence to all laws and regulations 
 
COSO Components - ANSWERSCRIME 
 
Internal Co...
BEC Mnemonics & Formulas Exam Questions & Answers 2024/2025 
 
 
COSO Internal Control Framework Objectives - ORC - ANSWERSOperations 
Reporting 
Compliance 
 
COSO Components of Internal Control - CRIME - ANSWERSControl environment 
Risk assessment 
Information and communication 
Monitoring 
Existi...
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Add to cartBEC Mnemonics & Formulas Exam Questions & Answers 2024/2025 
 
 
COSO Internal Control Framework Objectives - ORC - ANSWERSOperations 
Reporting 
Compliance 
 
COSO Components of Internal Control - CRIME - ANSWERSControl environment 
Risk assessment 
Information and communication 
Monitoring 
Existi...
BEC simulated exam 1 questions & answers 2024/2025 
 
 
The Carters signed an agreement with an effective annual interest rate of 7.74%. Interest is payable semi annually. What was the stated rate? - ANSWERS7.60% 
 
Add 1 to the effective rate = 1.0774 
Take the square root = 1.038 
Subtract 1 = .03...
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Add to cartBEC simulated exam 1 questions & answers 2024/2025 
 
 
The Carters signed an agreement with an effective annual interest rate of 7.74%. Interest is payable semi annually. What was the stated rate? - ANSWERS7.60% 
 
Add 1 to the effective rate = 1.0774 
Take the square root = 1.038 
Subtract 1 = .03...
BEC GRADE A+ EXAM 1 QUESTIONS & ANSWERS 2024/2025
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IT Controls BEC Exam Questions & Answers 2024/2025
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2024 BEC Mnemonics Exam Questions & Answers 
 
 
O in ORC - ANSWERSoperations 
 
R in ORC - ANSWERSreporting 
 
C in ORC - ANSWERScompliance 
 
C in CRIME - ANSWERScontrol environment 
 
R in CRIME - ANSWERSrisk assessment 
 
I in CRIME - ANSWERSinformation and communication 
 
M in CRIME - ANSWERSm...
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Add to cart2024 BEC Mnemonics Exam Questions & Answers 
 
 
O in ORC - ANSWERSoperations 
 
R in ORC - ANSWERSreporting 
 
C in ORC - ANSWERScompliance 
 
C in CRIME - ANSWERScontrol environment 
 
R in CRIME - ANSWERSrisk assessment 
 
I in CRIME - ANSWERSinformation and communication 
 
M in CRIME - ANSWERSm...
BEC Exam Communications Questions & Answers 2024/2025 
 
 
Lumber Construction is deciding which internal control framework to adopt for the design and operation of its internal control system. Accordingly, the company's senior management would like you to advise them on the COSO internal control f...
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Lumber Construction is deciding which internal control framework to adopt for the design and operation of its internal control system. Accordingly, the company's senior management would like you to advise them on the COSO internal control f...
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