Three-factor Authentication Is Most Often Implemented With A Credit Card. True False (2024)

Business High School

Answers

Answer 1

The given statement is true. The use of identity-verifying credentials from three different categories of authentication elements, often the knowledge, possession, and inherence categories, is known as three-factor authentication (3FA).

What is Three-factor authentication?

The use of identity-verifying credentials from three different categories of authentication elements, often the knowledge, possession, and inherence categories, is known as three-factor authentication (3FA). Secure authentication with several factors is far better. Authentication can be divided into three categories.

The first is knowledge-based and involves something that only the identified individual would know, like a password or PIN number. The second is property-based, meaning the user is in possession of a personal authorization device, such as an access card, key, or key fob. The third is based on biology.

Customers must enter a special PIN to prove their identity when using a credit card to pay for goods or services. The PIN is the second authentication element because the card's chip is the first component of two-factor authentication (something you have) (something you know).

Hence, The given statement is true.

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Related Questions

Next O Cover Letters and Résumés: Mastery Test
1
Select the correct answer.
Josita is preparing a résumé for a job teaching graphic design at a high school. She wants to list the software programs she has learned. In what
section of her résumé should Josita include these programs?
OA honors
OB. activities
OC. skills
OD. experience
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If Josita is preparing a résumé for a job teaching graphic design at a high school. She wants to list the software programs she has learned. The section of her résumé that Josita should include these programs is: C. skills.

What is skills?

Skills can be defined as the ability a person or an individual possess when it comes to performing or carrying out tasks. A person can tend to possess inbuilt Skills or acquired skills they known will be of important to them.

Based on the scenario the software programs was the skills that Josita acquired because she learned it, the software program should be included as part of the skills she possess in her resume as this will enables are employer to know the skills she possess.

Therefore If Josita is preparing a résumé for a job teaching graphic design at a high school. She wants to list the software programs she has learned. The section of her résumé that Josita should include these programs is: C. skills.

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A verb associating two nouns in a business rule translates to a(n) ____ in the data model.

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A verb associating two nouns in a business rule translates to a(n) entity in the data model.

A business rule is a short, unique, and unambigous description of a policy, manner, or precept inside a particular enterprise's environment. properly written business regulations are used to outline entities, attributes, relationships, and constraints.

Business policies permit the author to increase courting participation guidelines and constraints and to create a accurate information version. in addition they allow the creators to apprehend business procedures, and the nature, position and scope of the facts.

You translate business regulations into statistics version additives via following the basic ideas: a noun in an enterprise rule will translate into an entity inside the model and a verb (lively or passive) associating nouns will translate right into a courting many of the entities.

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Ceteris paribus, if the average income of americans increases, how will demand for an inferior good be affected?

Answers

A shift of the demand curve can be seen when a Ceteris paribus,take place and the average income of Americans increases

What factors affect demand ?

The quantity of a product that a buyer is willing and able to buy at each price is what we referred to as demand. That implies that there are at least two more factors besides price that influence demand.

According to what economists refer to as tastes and preferences, being willing to buy implies a desire. You won't purchase something if you don't need it or want it. Income is suggested to be crucial by the ability to purchase. Due to their higher incomes, professors can typically afford better housing and transportation than students.

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Products related in such a way that an increase in the price of one reduces the demand for the other.

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Products are related in such a way that an increase in the price of one reduces the demand for the other is complements.

A complement exact is a product or service that gives a fee to every other product or service. In different words, they are two matters that the purchaser utilizes along with one another. Cereal and milk, for instance, or a DVD and a DVD player.

An excellent that is produced together with any other top. as an example, straw is a complement in the production of wheat. The delivery of a terrific will increase if the rate of one in all its complements in production rises. The supply of a good decrease if the price of one in every one of its complements in production falls.

A complement method may be defined as any organizing pastime which recruits outside elements to lessen cognitive loads. The external elements can be our arms or fingers, pencil, and paper, movable icons, counters, measuring devices, or different entities in our instant surroundings.

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Jacob is a marketer at gamer way video games. He is currently working to develop four different color versions of their latest video game console. Which of the four marketing mix strategies is jacob working on?.

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Jacob is a marketer at gamer way video games. He is currently working to develop four different color versions of their latest video game console. The marketing mix strategy which Jacob is working on is product.

Marketing mix are the strategies that are used in a business in order to increase the target reach. The various ways that a business uses in order to promote its business and products come under a marketing mix strategy.

The marketing mix can be divided into four groups which are product, price, place, and promotion.

If tactics are being used to make such a product that attracts more target reach, then this kind of marketing mix strategy comes under the product group. This strategy is being used by Jacob above as he has made different colored versions of his product i.e video game so that more customers would be interested.

Although a part of your question is missing, you might be referring to this question:

Jacob is a marketer at Gamer Way Video Games. He is currently working to develop four different color versions of their latest video game console. Which of the four Marketing Mix strategies is Jacob working on?

Product

Place

Price

Promotion

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According to taylor's principles, which of these might help to improve workers' productivity?

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According to Taylors principles the option that wouldn't help to improve the productivity of workers would be to carefully select workers according to their abilities and give workers training.

What does it mean to give workers training?

This has to do with all of the activities that the business would have to carry out by carefully choosing to ensure that the workers are well trained in all of the departments that they are to work. The business would do this by organizing trainings and other forms of seminars foir the the workers.

What it means to work according to ability?

This means getting people to work in the areas that they are known to be best suited. Based on the ways that they have shown their skills and their experiences, they can be selected to work in the departments.

Hence we can say that According to Taylors principles the option that wouldn help to improve the productivity of workers would be to carefully select workers according to their abilities and give workers training.

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Why is the amount of information involved a problem in calculating GDP? (Marketing Class.)

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However, GDP has certain significant drawbacks, such as: non-market transactions are excluded. the absence of consideration for or representation of the severity of societal wealth disparity. the lack of information on whether or not the country's growth rate is sustainable.

It does not take into consideration who is generating, hence an economy could have one worker or be fully employed. It largely overlooks the black market, ensuring that production will always fall short of reality. GDP is the most challenging to quantify of all of these. Because it does not immediately take into account leisure, environmental quality, levels of health and education.

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A department leases a scanner at a cost of $1,700 per quarter and three copy machines for $60 per month each. how much must be budgeted for this equipment on an annual basis? $

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The total budgeted amount of leasing will be - $7,520

Leasing cost of scanner per quarter = $ 1,700

Leasing cost of scanner annually = $ 1,700 * 4 = $ 6,800

Leasing monthly cost of three copy machine = $ 60 *3 = $180

leasing cost of three copy machine annually = $ 2,160

Annual budget= $ 6,800 + $ 2,160 = 8,960

Leasing is a type of financing in which you rent rather than buy equipment. You can lease expensive business equipment such as machinery, vehicles, or computers. The equipment is leased for a set period of time; after that, you can return it, renew the lease, or purchase it.

Equipment leasing differs from equipment financing, which involves taking out a business loan to purchase the equipment and repaying it over a set period of time using the equipment as collateral. In that case, once the loan is paid off, you will own the equipment.

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On january 5, fairbanks corporation provides services to customers for $10,000 cash. provide the journal entry for this transaction.

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Accounts receivables debit $10,000 and Credit , Service revenue debit Credit $10,000.

A carrier is an " act or use for which a client, firm, or authorities is willing to pay." Examples include work achieved by way of barbers, docs, legal professionals, mechanics, banks, insurance groups, and so forth. Public services are people who society as a whole can pay for.

A service is something that the general public needs, inclusive of delivery, communications centers, hospitals, or strength materials, that's provided in a planned and organized manner by way of the government or an official frame.

Services are intangible financial activities that require private interaction between the customer and the carrier issuer at the time of transport of the offerings. offerings need not contain any type of manufacturing or sale of products and are particularly furnished so as to fulfill individuals' needs.

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Jennifer invested $20,000 in a savings account for 3 years at 6ompounded annually. what is the future value of jennifer's investment?

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Jennifer invested $20,000 in a savings account for 3 years at Compounded annually. Jennifer's investment future value is Future value = $20,000 x (1.06)3 = $23,820

What is Future Value?
The worth of a current asset at some point in the future based on an estimated rate of growth is known as future value (FV). For investors and financial planners, the future value is crucial because they use it to predict how much an investment made now will be worth in the future. Investors can make wise investment choices based on their projected demands by knowing the future worth. However, external economic forces that depreciate an asset's value, such inflation, might have a negative impact on the asset's future worth. One can compare present value (PV) to future value.

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Owen cartwright has joined a real estate syndicate that bought an office building in downtown orlando, florida. what type of investment does he hold?

Answers

Owen cartwright holds gold bullion coins investment.

A bullion coin is a coin struck from subtle precious steel (bullion) and saved as a shop of cost or an investment rather than utilized in commerce.

A bullion coin is outstanding by an express statement of weight (or mass) and fineness on the coin; this is because the load and composition of cash meant for criminal smooth is unique in the coinage legal guidelines of the issuing state, and consequently there may be no want for an express assertion at the coins themselves.

The United Kingdom defines funding cash more especially as coins that have been minted after 1800, have a purity of now not less than 900 thousandths, and are, or had been, prison smooth in their country of beginning. Below u.s. law, "cash" that fail the remaining of these requirements are not coins at all, and every day is advertised as "rounds" as an alternative.

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Suppose+a+state+of+california+bond+will+pay+$1,000+eight+years+from+now.+if+the+going+interest+rate+on+these+8-year+bonds+is+6.2%,+how+much+is+the+bond+worth+today?

Answers

In the event that a State of California Bond pays $1,000 in eight years. These 8-Year Bonds' current value is $618.02 if the going interest rate is 6.2%.

A bond is a fixed-income investment that simulates a loan from a shareholder to a borrower (typically corporate or governmental). An I.O.U. between the lender and borrower that specifies the terms of the loan and its installments is what is meant by a bond. Businesses, local governments, states, and other types of government use bonds to finance their operations and capital expenditures. The holders of bonds are the issuer's creditors or debtors.

Bond specifics typically include the conditions for the borrower's variable or fixed interest payments as well as the end date by which the loan's principal is needed to be paid to the bond owner.

The calculation is:

PV= FV/ (1+r)n

where PV= Present Value ; FV= Future Value; r= interest rate; n= number of years

so,

PV= 1000/ (1+.062)8 = 1000/1.6181= 618.02

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A woman bought a for $700 and then sold it for $900. she bought it back for $800 and then sold it again for $500. how much did she gain or lose on these transactions?

Answers

In these transactions she gained $300.

The first time A woman bought a necklace for $300.

Women sold $700

woman gains = Gold bought: 700-300 = $400

she brought it back for 8900.

She loss gain - bought = $400-8900 = 8500

She sold again for $800

She gain = She sold again - she was

- 8800-$500 = $300

Cost 91 = $300 (05) C₂ = $900 Selling S₁ = $700 S2= 8800

C = 4+62 $1200

S = S₁+S₂ = 8700+ $800

C = $1200.

S = 81500

gain = S-C = $1500-$1200

gain = $300.

Transaction gains or losses end result from an exchange in trade quotes among the useful foreign money and the foreign money in which an overseas currency transaction is denominated. Take the promoting price and subtract the preliminary purchase charge. The result is the benefit or loss. Take the gain or loss from the investment and divide it by way of the unique quantity or buy price of the investment. Transaction Loss approach a loss that happens because the associated Popmoney transaction turned into canceled or rescinded as unauthorized or has been lower back to us and is un- collectible.

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The amount of operating income that would be reported on the absorption costing income statement is:________

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The amount of operating income that would be reported on the absorption costing income statement is: $492,460.

What is a fixed cost?Fixed costs, sometimes referred to as indirect costs or overhead costs in accounting and economics, are costs incurred by a corporation that are independent of the volume of goods or services the company produces. They frequently occur again and again, like monthly rent or interest payments. These expenses are often capital expenses as well.Costs that are fixed are those that don't change based on volume. Most fixed costs are expenses that depend more on time than on how much your company produces or sells. Rent and leasing charges, salary, energy prices, insurance, and loan repayments are a few examples of fixed costs.Rent and mortgage payments are two examples of fixed expenses. Auto loans. Additional loan paymentsTotal production costs — (Variable cost per unit multiplied by the number of units produced) = Fixed costs.

The amount of operating income that would be reported on the absorption costing income statement is: $492,460.

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Answers

When an open-end fund's offering price is $25.10 per share and the fund is sold with a front-end load of 6%, the net asset value is $23.54.

NAV = offering price × (1 - load) = $25.10 x (1 - 0.06) = $25.30 x 0.94 = $23.54

When assessing mutual funds or exchange-traded funds, the net asset value, or NAV, which displays the net value of a company or corporation, is typically utilized.

Investors assess an entity's value using the NAV, which displays the price per share of the fund or other entity at a specific time.

Investors should consider the NAV when looking for prospective possibilities because it represents the price at which shares are traded.

The NAV represents a per-share value of the fund when divided by the total number of shares owned, which aids investors in evaluating and choosing whether to manage or purchase shares in a given fund or company.

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Why is private property and the protection of property rights so critical to the market system?

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Property rights protection and personal belongings possession are crucial to the marketplace gadget's fulfillment as it steers monetary growth via encouraging innovation and personal investments. property rights also allow belongings preservation and alternate.

Property is any item that a person or a commercial enterprise has legal title over. belongings may be tangible gadgets, which include homes, vehicles, or home equipment, or it can talk over with intangible objects that carry the promise of future worth, which includes stock and bond certificate.

Property is something this is owned, whether or not it's far goods, land or innovative. An instance of belongings is a person's residence.

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If a step that is considered to be worthwhile is taken, then net worth (betterment)?

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If a step that is considered to be worthwhile is taken, then net worth (betterment) increases.

What is net worth?There are slightly differing methods for calculating the net worth of an individual and the net worth of a company. Both figures are the total of all assets minus all liabilities. For calculating individual net worth, the value of assets is based on their current market value rather than original purchase prices. For company net worth, the value of assets is based on their original purchase prices instead of their current market value.When an individual passes away, her net worth is equivalent to the value of her estate. In probate, any liabilities of the deceased are met, and the rest belongs to heirs. Any inheritance then becomes a part of the inheritor’s net worth.For businesses, the value of an asset is referred to as its carrying value or open market value. This is understood as the price an asset would get in a competitive auction. Other concepts used interchangeably with carrying value are mark to market, fair value, and fair market value, although they can have different meanings depending on the context.

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10.in cell c12, insert a formula that divides the total orders for august (cell c9) by the total number of orders (cell i9). use an absolute reference to cell i9, and then copy the formula to the range d12:g12.

Answers

The formula that divides the total orders for august(cell c9) by the total number of orders(cell ci9)= C9/$I$9. We use the sign $ for absolute reference.

Excel Spreadsheet

A worksheet is the grid of columns and rows that information is inputted into. In numerous spreadsheet operations( similar as Microsoft Excel) one file-- called a workbook-- can contain several worksheets. Worksheets can be named using the distance tabs of the bottom of the spreadsheet window. The distance tabs can also be used to switch from one worksheet to another within a workbook.

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The question was incomplete. Check below the full question with picture

In cell C12, insert a formula that divides the total orders for August (cell C9) by the total number of orders (cell I9). Use an absolute reference to cell I9, and then copy the formula to the range D12:G12

What financial statements can be found in a firm's annual report? what checks exist to ensure the accuracy of these statements?

Answers

The balance sheet, income statement, statement of cash flows, and statement of shareholder's equity are among the financial statements that can be included in a company's annual report that complies with IFRS.

The checks that exist to ensure the accuracy of these statements is:

When preparing their reports, public firms are required to adhere to a standardized set of guidelines and a standard structure.An impartial third party, referred to as an auditor, is appointed by corporations to review the yearly financial statements, confirm that they are prepared by GAAP, and provide supporting documentation for the accuracy of the information.The Sarbanes-Oxley Act mandates that in addition to the auditor's role in analyzing the financial statements, the CEO and CFO both individually attest to the veracity of the financial statements provided to shareholders and sign a statement to that effect.

What is an Annual Report?The annual financial report, sometimes known as the annual report or just the annual report, is an audited account of the health and performance of a corporation or mutual fund. It is presented annually to shareholders as a kind of openness. Accounting documents are completely accessible to investors and the general public so they can learn more about the state, worth, and potential of the business.

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Costs associated with inspecting, unpacking and putting incoming inventory into storage are components of ____ cost.

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Expenses related to examining, unpacking, and setting incoming stock into storage are components of Ordering or setup charges.

Storage means the act of retaining things and the vicinity wherein you maintain them. That can be fixtures designed to maintain small objects: Bookcase, cabinet (fixtures), Chest (furniture), cabinet, desk, Sideboard (hutch), fridge, and many others.

Information storage refers to the usage of recording media to hold records of the usage of computer systems or different devices. The most familiar sorts of statistics storage are document storage, block storage, and object storage, with every being ideal for extraordinary functions.

A storage unit is shelving for maintaining goods, commonly in a warehouse and not at the sales ground. Refrigerated storage gadgets within the distribution centers shop perishables. Use storage units with drawers for small gadgets which include socks and ties, so that the income region is not cluttered.

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Benefits of forming a Limited Liability Company

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Answer:

Separate legal identity : A limited liability company (LLC) is an entity that is separate and apart from its owners, with its own rights, responsibilities and liabilities. This means that an LLC can file a lawsuit (or be sued) in its own name

Limited liability : Because an LLC is a separate entity, the owners of the company have limited liability. This is one of the most important benefits to operating as a limited liability company

Perpetual existence : Unless the articles of organization specify differently, a limited liability company has perpetual existence. This means that the owners can change without triggering the dissolution of the company. A member’s death, retirement, or withdrawal from the company for any other reason does not mean that the company must cease to operate.

_________________________________________

Question: Hello: ) ✨Benefits of forming a Limited Liability Company?

Answer: It limits liability for managers and members.

Superior protection via the charging order.

Flexible management.

Flow-through taxation: profits are distributed to the members, who are taxed on profits at their personal tax level.

Have a nice Day/Night hun <3

Beginning work in process inventory $ 30,000 total manufacturing costs added to production $ 200,000 ending work in process inventory $ 52,000 what is the cost of goods manufactured?

Answers

Beginning work in process inventory $ 30,000 total manufacturing costs added to production $ 200,000 ending work in process inventory $ 52,000 and $135,000 is cost of goods manufactured

Inventory at a manufacturing company includes raw materials utilised in production, as well as semi-finished goods stored in warehouses or on factory floors, in addition to the finished product that has been manufactured and is available for sale.

An illustration would be a manufacturer of cookies. The inventory would consist of the packets of cookies that are ready to sell, the semi-finished stock of cookies that haven't been cooled or packaged yet, the cookies set aside for quality control, and raw materials like sugar, milk, and flour.

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The accounting equation is assets = liabilities stockholders' equity. accounts on the right side of the equal sign in this equation are increased with:________

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The account on the right side of the equals sign in this equation is added to the debit.

The financial position of any business, large or small, is based on two main components of the balance sheet: assets and liabilities. Owner's equity, or shareholder's equity, is the third part of the balance sheet.

The accounting equation is a representation of how these three important components are interrelated.

Assets represent valuable resources controlled by the company, while liabilities represent its liabilities. Both liability and shareholder equity represent how the company's assets are financed. If it is financed through debt, it will be seen as a liability, but if it is financed through the issuance of equity shares to investors, it will be seen in shareholder equity.

The accounting equation helps to assess whether the business transactions carried out by a company are accurately reflected in its books and accounts.

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An important requirement for appropriate inoculum preparation in susceptibility testing includes the use of a(n):_________

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Pure culture is a vital requirement for appropriate inoculum preparation in susceptibility testing.

Pure culture, in microbiology, a laboratory culture containing one species of organism. A pure culture is sometimes derived from a mixed culture (one containing many species) by transferring a little sample into new, sterile growth medium in such a fashion on disperse the individual cells across the medium surface or by thinning the sample manifold before inoculating the new medium. Both methods separate the individual cells so, after they multiply, each will form a discrete colony, which can then be wont to inoculate more medium, with the reassurance that just one style of organism are going to be present. Isolation of a pure culture is also enhanced by providing a mixed inoculum with a medium favoring the expansion of 1 organism to the exclusion of others.

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When would auditors increase the amount of detailed audit procedures used to test the year-end account balances and transactions from throughout the year?

Answers

When would auditors expand the number of intricate audit techniques used to examine the year-end account balances and transactions from throughout the year when the risk of detection is minimal

How Do Transactions Work?

A transaction is an agreement between a buyer and a seller to exchange goods, services, or financial assets in exchange for money that has been carried out. This adage is widely used in corporate accounting. This simple definition can be difficult to apply in business bookkeeping. Depending on whether a corporation employs accrual accounting or cash accounting, a transaction may be recorded by it sooner or later.

A buyer and seller's sales transaction is usually rather simple. In return for a good or service, person A pays person B. When the terms are accepted, the exchange of money for the good or service and the completion of the transaction take place.

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The security team in a mid-sized company wants to test drive encryption using an hsm. what are three possible ways of accomplishing this?

Answers

The security team in a mid-sized company wants to test drive encryption using an HSM. There are three possible ways of accomplishing this:

Using an expansion card.Using an external USB device.Using a network appliance. Thus, option (c), (d), and (e) is correct.

The decryption and encryption processes for digital signatures, strong authentication, and other cryptographic activities are carried out using hardware encryption modules (HSMs), which are actual computer hardware.

Additionally, it controls secrets, most importantly digital keys. These modules often come in the form of plug-in cards or external devices that connect directly to a network or computer server.

HSMs may include features that provide tamperproof, such visible tamper indicators or recording and warning, a tamper barrier that makes tampering difficult without leaving the HSM worthless, or tamper responsiveness, like shredding keys upon tamper detection.

As a result, the significance of the three possible ways of accomplishing are the aforementioned.

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Your question is incomplete, but most probably the full question was.

The security team in a mid-sized company wants to test drive encryption using an HSM. What are three possible ways of accomplishing this?

A. Using HSM softwareB. Enable HSM in the TPMC. Using an expansion cardD. Using an external USB deviceE. Using a network appliance

Organizations can utilize web-based technologies to support proprietary, internal communications by implementing a(n) __________.

Answers

Organizations can utilize web-based technologies to support proprietary, internal communications by implementing a(n) intranet.

What are intranet?An intranet is a private network contained within an enterprise that is used to securely share company information and computing resources among employees. An intranet can also be used for working in groups and teleconferences. Intranets encourage communication within an organization.

What are the advantages of an intranet?

Some potential benefits of using an intranet include the following:

improved communication, information sharing and collaboration within a business;simplified records management;streamlined tracking of requests;a testing environment for new ideas before they are implemented on a company's webpage;improved corporate culture that focuses on employees and encourages participation and interaction

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Abc,+inc.+has+issued+a+19-year+bond+with+a+par+value+of+$1,000,+coupon+rate+of+12.36%.+the+yield+to+maturity+(ytm)+is+14.49%.+assume+semi-annual+payments.+what+is+today's+price+of+this+bond?

Answers

A three-year bond with an annual coupon of ten percent has a yield to maturity of ten percent when the bond trades at par.

Solution:

COUPON RATE 6.76%

YEAR TO MATURITY 19.00

NPER 38 (years to maturity x 2)

PMT 33.8 (face value x coupon rate)/2

FACE VALUE 1000

YIELD 7.13%

RATE = YIELD/2 = 3.57%

PRICE = PV = $961.82

A zero-coupon bond, also called an accrual bond, is a debt security that pays no interest but trades at a significant discount and earns a profit at maturity if the bond is redeemed at its par value. Then just do some simple math. Preferred stock par value = number of shares outstanding x par value per share. Therefore, the par value of a preferred stock is calculated by multiplying the number of shares outstanding by the par value per share.

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On december 27, 2022 , abc, inc receives a $5,000 deposit by a customer for some remodeling that is scheduled to be started on december 29, 2022 and completed on january 3, 2023. The company president tells the accountant to go ahead and book the $5,000 as revenue since the completion of the project will only take a few days. What is the ethical dilemma involved?.

Answers

There is an ethical dilemma of failure to complete the project by the deadline might result in financial hardship for the firm.

A situation where one or more of the available alternatives compels the agent to go against or compromise their ethical action standards is known as an ethical dilemma. A moral or ethical dilemma is a predicament in which you must make a choice, decide what to do, take a certain action, or find a resolution to an issue that may be unpleasant. Ethical dilemma can also be a predicament in which you are completely unsure of what action to do. Four distinct ethical dilemma models exist: justice vs. mercy, individual vs. community, truth vs. loyalty, and short-term vs. long-term. The many forms of responsibilities that are at odds with one another actions can be used to categories ethical issues.

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On june 1, 2022, spk company signed a $100,000, one-year, 6 percent note payable. Interest and principal are due at maturity. What amount will spk record for interest expense in their december 31, 2022 adjusting entries?.

Answers

$3500 sum will spk record for interest expense in their december 31, 2022

Interest = $ 6000 for 12 months.

From June to December there will be 7 months due,

therefore 7/12x6000 = $ 3500

An interest expense is the fetched brought about by an substance for borrowed reserves. Intrigued cost may be a non-operating cost appeared on the salary explanation. It speaks to intrigued payable on any borrowings—bonds, credits, convertible obligation or lines of credit. It is basically calculated as the intrigued rate times the exceptional foremost sum of the obligation. Interest expense on the income statement represents interest accrued during the period covered by the financial statements, and not the amount of interest paid over that period. While interest expense is tax-deductible for companies, in an individual's case, it depends on their jurisdiction and also on the loan's purpose.

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