JNH is a major corporation that stores its customer database in the Cloud JNH has suffered a data breach that has led to customer credit card details being made available for sale on the internet JNH's Head of Security wishes to analyse network traffic at the cloud-based server in order to gain a better understanding of the manner in which the data was intercepted, but has been refused access.
Which of the following is the most likely explanation for the third-party owner's refusal to assist JNH's Head of Security?

• A. Admitting the breach would harm the reputation of the Cloud
• B. The Cloud is impregnable and so the breach must have been elsewhere
• C. The network data will not have been stored by the server's owner
• D. The server will contain data belonging to other clients

HIW manufactures motorcycles and has factories in several countries HIW produces several different types of motorcycle, with different models often being tailored to suit the needs of customers in specific countries HIW has identified a positive net present value project to build a new factory in Farland, which will make motorcycles for sale in Farland and for export to neighbouring countries HIW has not previously traded in Fartand or its neighbours Farland is regarded as politically and economically unstable and its currency is highly volatile against other leading currencies HIWs Board wishes to consider the interests of different stakeholder groups who will be affected by the investment in Farland The Board recognises that there could be conflict between the goals of maximising profit and of maximising shareholder wealth Which THREE of the following statements are correct?

• A. In order to focus on profit maximisation, the appraisal needs to consider the time value of money
• B. Shareholder wealth the project appraisal must consider the long term the Farland economy
• C. In order to focus on maximising shareholder wealth the project appraisal must consider the long term impact of the project.
• D. HIWs share price must rise when the Farland project is announced.
• E. The new facility will increase earning capacity but the instability may mean profits are lower than expected.

A UK manufacturing company has simultaneously:
* purchased a put option to sell USD 1million at an exercise price of GBP1.00 = USD1.65
* sold a call option that grants the option holder the right to buy USD 1million at a price of GBP1.00 = USD1.61 (this option has the same maturity date as the put).
Which of the following is a valid explanation for entering into these option positions?

• A. The company expects to receive USD 1million from a customer and wishes to offset the cost of the put option by the premium on the call option.
• B. The company expects to pay USD 1million to a supplier and wishes to offset the premium from the call option against the cost of the put option.
• C. The company expects to receive USD 1million from a customer and wishes to obtain an additional benefit if the USD strengthens beyond GBP 1.00 = USD 1.61.
• D. The company expects to pay USD 1million to a supplier and wishes to obtain additional protection against the USD strengthening beyond GBP 1.00 = USD 1.65.

FBK produces motorbikes for the high end sports market. The company has recently developed a bike that uses a powerful electric motor instead of a petrol engine.
Which of the following are product risks?
Select ALL that apply.

• A. The risk that the different characteristics of an electric engine will make the bike difficult to control
• B. The risk that a bike powered by a quiet electric motor will not create the thrilling engine noise that is prized by traditional riders.
• C. The risk that the silent running of the bike will create a hazard to pedestrians.
• D. The risk that FBK cannot afford to finance the working capital associated with the launch
• E. The risk that demand for the bike will exceed production capacity

You are a consultant to an international charity which provides aid to people displaced by war, civil unrest, and natural disaster. The charity has requested you to carry out a post implementation review on their new procurement and logistics system. Which TWO of the following should you be most concerned about when conducting this review?

• A. To create a record of good and bad experiences in relation to the implementation of the project so that the charity is able to learn from them should they decide to implement a similar project in the future.
• B. The identification of the reason for any cost overruns so as to be able to assign responsibility to particular individuals so that the management can deal with them as they see fit.
• C. An assessment of how the aid is used once it has arrived at its destination.
• D. An assessment of the extent to which the new system has led to more efficient delivery of aid to those in need.