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2024 L3M3 Latest Mock Test | L3M3 Latest Dumps Sheet & Contract Administration Training Solutions - FreeTorrent

L3M3

Exam Code: L3M3

Exam Name: Contract Administration

Version: V22.75

Q & A: 580 Questions and Answers

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NEW QUESTION: 1
You are trying to reduce the transaction CPU cost by using KEEPDYNAMIC(YES). Which subsystem parameter would you increase to improve Local Dynamic Cache Hit Ratio and reduce the number of short prepares?
A. MAXKEEPD
B. MAXTEMPS
C. MAXRBLK
D. CONTSTOR
Answer: A

NEW QUESTION: 2
All of the following is a list of principles for formulating well-stated audit objectives EXCEPT:
A. Phrase objectives either as precisely worded questions or as items to determine (e.g., "To determine whether...").
B. Review the audit objectives with management or others requesting the audit and Frame objectives that consider a realistic scope and methodology.
C. Clearly identify the type of performance to be audited and separate objectives if more than one element of performance is to be reviewed.
D. There is no need to clearly identify the customer.
Answer: D

NEW QUESTION: 3

A. Option C
B. Option B
C. Option A
D. Option D
Answer: D
Explanation:


NEW QUESTION: 4
In which of the following risk management capability maturity levels does the enterprise takes major business decisions considering the probability of loss and the probability of reward? Each correct answer represents a complete solution. Choose two.
A. Level 4
B. Level 5
C. Level 2
D. Level 0
Answer: A,B
Explanation:
Explanation/Reference:
Explanation:
Enterprise having risk management capability maturity level 4 and 5 takes business decisions considering the probability of loss and the probability of reward, i.e., considering all the aspects of risk.
Incorrect Answers:
A: Enterprise having risk management capability maturity level 0 takes business decisions without considering risk credential information.
B: At this low level of risk management capability the enterprise take decisions considering specific risk issues within functional and business silos (e.g., security, business continuity, operations).

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