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Exam Code: GFMC
Exam Name: Examination 3: Governmental Financial Management and Control (GFMC)
Vendor: AGA

60 Questions & Answers
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NEW QUESTION: 1
A company is looking to go with an end-to-end virtualization approach that will help them reduce capital investment and operational savings. What can help your customer achieve this? Select the best response.
A. Cisco Unified Computing Systems
B. Cisco Nexus 7000 Series Switches
C. Cisco Catalyst switches
D. Cisco MDS family
Answer: A
Explanation:
Section: (none)

NEW QUESTION: 2
An internal auditor is assessing the organization's risk management framework. Which of the following formulas should he use to calculate the residual risk?

A)

B)

C)

D)
A. Option C
B. Option A
C. Option B
D. Option D
Answer: C

NEW QUESTION: 3
Each stock out of a product sold by Company I-: costs US $1,750 per occurrence. The carrying cost per unit of inventory is US $5 per year, and the company orders 1,500 units of product 24 times a year at a cost of US $100 per order. The probability of a stock out at various levels of safety stock is.

What is the optimal safety stock level for the company?
A. 300 units.
B. 0 units.
C. 400 units.
D. 100 units.
Answer: C
Explanation:
The total expected cost of safety stock equals the sum of the expected annual stock out cost and the expected annual carrying cost. Annual expected stock out cost equals the cost per occurrence US $1,750), times the probability of a stock out per cycle, times the number of cycles 24). Annual expected carrying cost of a safety stock equals the unit carrying cost US $5) times the number of units. Hence, a safety stock of 400 units has the lowest total expected cast.


NEW QUESTION: 4
Which three statements describe the Transmission Control Protocol (TCP)? (Choose three.)
A. TCP provides delivery notification and error-checking mechanisms.
B. TCP is faster than the User Datagram Protocol (UDP).
C. TCP is a transport layer protocol.
D. TCP uses a best-effort delivery approach.
E. TCP application examples include HTTP and SMTP.
Answer: A,C,E


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