1314. What is an encryption system that uses two keys: a public key that everyone can have and a private key for only the recipient?

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Encryption
Public key encryption
Intrusion‐detection software
Security‐auditing software
✅ The correct answer is B.
Public-key encryption is a cryptographic system that uses two keys – a public key known to everyone and a private or secret key known only to the recipient of the message.

1313. What is an internal organizational Internet that is guarded against outside access by a special security feature called a firewall (which can be software, hardware, or a combination of the two)?

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Client/server network
Intranet
Extranet
Thin client
✅ The correct answer is B.
Intranet is an internal organizational Internet that is guarded against outside access by a special security feature called a firewall (which can be software, hardware, or a combination of the two). An intranet is a private network that is contained within an enterprise. It may consist of many interlinked local area networks and also use leased lines in the wide area network.

1312. Normal goods have

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Positive income elasticity
Negative income elasticity
Fluctuating income elasticity
Zero income elasticity
✅ The correct answer is A.
Normal goods have Positive income elasticity. A positive income elasticity of demand is associated with normal goods; an increase in income will lead to a rise in demand. If income elasticity of demand of a commodity is less than 1, it is a necessity good. If the elasticity of demand is greater than 1, it is a luxury good or a superior good.

1311. An implementation of activity based costing would be possible only if accountants find

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goodness of each activity
handling of each activity
cost driver for each activity
cost object for each activity
✅ The correct answer is C.
An implementation of activity based costing would be possible only if accountants find cost driver for each activity. A cost driver is the unit of an activity that causes the change in activity’s cost. cost driver is any factor which causes a change in the cost of an activity.

1310. When price elasticity of demand for normal goods is calculated, the value is always

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Positive
Negative
Constant
Greater than 1
✅ The correct answer is B.
When price elasticity of demand for normal goods is calculated, the value is always Negative. The PED is the percentage change in quantity demanded in response to a one percent change in price. The PED coefficient is usually negative, although economists often ignore the sign. Demand for a good is relatively inelastic if the PED coefficient is less than one (in absolute value).

1305. Project which is started by firm for increasing sales is classified as

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new expansion project
old expanded project
firm borrowing project
product line selection
✅ The correct answer is A.
Project which is started by firm for increasing sales is classified as new expansion project. These are projects where the firm seeks to profitably increase sales of current products or introduce new products into the market.

1303. Which of the following policies is most suitable for a home loan mortgage?

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MRI
Whole Life Policy
Term Insurance policy
Property insurance under non-life category
✅ The correct answer is A.
MRI policies is most suitable for a home loan mortgage. MRI is an insurance policy that provides financial protection for home loan borrowers and their families. Specifically, MRI helps settle outstanding home loan amounts in the event of death or total disablement of the borrowers.