Fortinet NSE 1 – Quiz 4 Post author By Hamed Salami Post date November 15, 2020 No Comments on Fortinet NSE 1 – Quiz 4 1. A CFO’s responsibility is to manage financial risk, and that covers which other element? All the information and data in the company. The after-hours card games. Costs associated with the building’s janitorial contractor. The catered lunch in the boardroom. 2. Being trustworthy with customer data is now a part of which outcome? Crafting a better user experience. Building brand loyalty. Decreasing revenues. Regulatory fines. 3. How does a CFO treat intangible assets such as intellectual property, trade secrets, manufacturing methods, and the information about customers? More responsible for the financial risks to those information assets than any others. Paper assets Not responsible at all. Just as responsible for the financial risks to those information assets as any others. 4. Looking into the past, a CFO will create which kind of reports? Billable hours Timecard reports for individual employees. TPS reports Reporting on the prior financial performance of the company. 5. Since it uses information from every corner of the business, what does a company’s Enterprise Resource Planning (ERP) system require to help the CFO understand what’s happening now, and plan for the future? Last quarter’s TPS reports. Accurate and trustworthy information. A gaggle of consultants. Several reams of paper. 6. What are the consequences if a CFO’s reports are not accurate? There are no consequences since nobody actually reads those reports. From having to re-state the data, to being found in violation of financial regulations. The next report must have an offsetting error to compensate. Other CFOs in the area will catch the error and help fix it. 7. What does a CFO rely on to create forecasts of what will happen to the company in the future? Access to good information. Advice of Wall Street analysts. Accurate inventory data. An endless supply of coffee. 8. What is the primary responsibility of a CFO? To develop new products and services. To manage the finances and the financial risks of the company. To manage the company’s payroll. To oversee the factory floor. 9. What poses one of the greatest risks to the financial value of a company’s information assets? Earthquakes Cyber threats Floods Spelling errors 10. What role does a CFO play in new business initiatives, product launches and/or new service offerings? Provides advice on engineering. Provides advice on marketing. Conducts focus group research. Analyzes the financial impact. Time is Up! ← Fortinet NSE 1 – Quiz 3 → Fortinet NSE 1 – Quiz 5 Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.