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Examination 3: Governmental Financial Management and Control (GFMC)

  • Exam Number/Code : GFMC
  • Exam Name : Examination 3: Governmental Financial Management and Control (GFMC)
  • Questions and Answers : 213 Q&As
  • Update Time: 2019-01-10
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NEW QUESTION: 1
An analyst finds that unpatched servers have undetected vulnerabilities because the vulnerability scanner does not have the latest set of signatures. Management directed the security team to have personnel update the scanners with the latest signatures at least 24 hours before conducting any scans, but the outcome is unchanged. Which of the following is the BEST logical control to address the failure?
A. Manually validate that the existing update is being performed.
B. Configure a script to automatically update the scanning tool.
C. Configure vulnerability scans to run in credentialed mode.
D. Test vulnerability remediation in a sandbox before deploying.
Answer: B
Explanation:
Section: (none)
Explanation/Reference:
Explanation:

NEW QUESTION: 2


Answer:
Explanation:

Explanation


NEW QUESTION: 3
Knowing the potential financial loss an organization is willing to suffer if a system fails is a determination of which of the following?
A. Business continuity
B. Likelihood of impact
C. Risk appetite
D. Cost benefit
Answer: C

NEW QUESTION: 4
Which of the following statements is (are) true with respect to the nature of bonds?
I). For premium bonds, its yield to maturity is always lower than its current yield.
II). For discount bonds, the duration equals the maturity of the bond.
III). Since longer term interest rates are more stable than shorter term interest rates, longer term bonds are less price sensitive than shorter term bonds.
IV). Not even U.S. government bonds are immune from interest rate risk.
A. I and IV.
B. II and III.
C. I, II, III and IV.
Answer: A
Explanation:
I is true: the reason a bond trades above par is because it is paying a coupon rate that is greater than what the market requires (which is represented through yield to maturity).
II is incorrect because the only instance where the bond duration equals its maturity is if the bond is a zero coupon bond, an extreme form of a discount bond.