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Exam Code: PMI-RMP
Exam Name: PMI Risk Management Professional
Vendor: PMI

60 Questions & Answers
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NEW QUESTION: 1
The risk of incorrect acceptance and the likelihood of assessing control risk too low relate to the:
A. Effectiveness of the audit.
B. Efficiency of the audit.
C. Allowable risk of tolerable misstatement.
D. Preliminary estimates of materiality levels.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. Both the risk of incorrect acceptance and the risk of assessing control risk too low
relate to the effectiveness of an audit in detecting an existing material misstatement.
Choice "A" is incorrect. Allowable risk of tolerable misstatement does not exist.
Choice "B" is incorrect. The risk of incorrect acceptance and risk of assessing control risk too low are
unrelated to preliminary estimates of materiality.
Choice "C" is incorrect. The efficiency of the audit is related to the risk of incorrect rejection and the risk of
assessing control risk too high.

NEW QUESTION: 2
Which of the following statements is INCORRECT according to CAPM:
A. securities with a higher standard deviation of returns will have a higher expected return
B. the return expected by investors for holding the risky asset is a function of the covariance of the risky asset to the market portfolio
C. portfolios on the efficient frontier have different Sharpe ratios
D. expected returns on an asset will equal the risk free rate plus a compensation for the additional risk measured by the beta of the asset
Answer: A

NEW QUESTION: 3
You have experimented with Google Cloud using your own credit card and expensed the costs to your company. Your company wants to streamline the billing process and charge the costs of your projects to their monthly invoice. What should you do?
A. Grant the financial team the IAM role of "Billing Account User" on the billing account linked to your credit card.
B. Set up BigQuery billing export and grant your financial department IAM access to query the data.
C. Change the billing account of your projects to the billing account of your company.
D. Create a ticket with Google Billing Support to ask them to send the invoice to your company.
Answer: C


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