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NEW QUESTION: 1
The essential difference between a 401(k) plan and a 403(b) plan is that:
A. only employers can contribute to 403(b) plans while both employers and employees can contribute to
401(k) plans.
B. contributions to 403(b) plans are always tax deductible, which is not the case with 401(k) plan contributions.
C. the 403(b) plan is for employees of specific non-profit organizations whereas the 401(k) plan is for the employees of private corporations.
D. the 403(b) plan is for small businesses while the 401(k) plan is for large corporations.
Answer: C
Explanation:
Explanation/Reference:
Explanation: The essential difference between a 401(k) plan and a 403(b) plan is that the 403(b) plan is for employees of specific non-profit organizations whereas the 401(k) plan is for the employees of private corporations. The tax advantages and eligibility requirements of a 403(b) plan are the same as those for a
401(k) plan.

NEW QUESTION: 2
When auditing a disaster recovery plan for a critical business area, an IS auditor finds that it does not cover all the systems. Which of the following is the MOST appropriate action for the IS auditor?
A. Postpone the audit until the systems are added to the disaster recovery plan.
B. Cancel the audit.
C. Alert management and evaluate the impact of not covering all systems.
D. Complete the audit of the systems covered by the existing disaster recovery plan.
Answer: C
Explanation:
An IS auditor should make management aware that some systems are omitted from the disaster recovery plan. An IS auditor should continue the audit and include an evaluation of the impact of not including all systems in the disaster recovery plan. Cancelling the audit, ignoring the fact that
some systems are not covered or postponing the audit are inappropriate actions to take.

NEW QUESTION: 3
HOTSPOT



Answer:
Explanation:

NEW QUESTION: 4


Answer:
Explanation:

Explanation
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