AACE CCP-AACE Exam Prep
Certified Cost Professional (Page 5 )

• Instant messaging/chat: Can be abused to send malicious links or attachments, but is not the answer most directly associated with high-risk file sharing.
• E-mail: A common malware delivery method, but the question emphasizes an application type known for direct file exchange.
• End-to-end applications: This describes communication protection or architecture, not a specific malware distribution risk.

• Existing expected ROI: 15%
• New project ROI: 14%
• Cost of capital: 12%

• Project return = 14%
• Cost of capital = 12%
• It earns 2% more than the cost of capital, so it should increase shareholder value.

• Sustainability
• Performance efficiency
• Reliability

• Frequency/likelihood = how often or how likely the risk is to occur.
• Severity/impact = how damaging or costly the consequences would be.

• A minor equipment fault occurring frequently may have high frequency but low severity.
• A major cyberattack occurring rarely may have low frequency but high severity.
• A risk that happens often and causes substantial losses has high frequency and high severity.

• Tokens: Individual units of text processed by a model, such as words, subwords, or characters.
• Models: Systems that learn patterns and generate predictions or outputs.
• Binaries: Data represented using the binary number system, not semantic representations.

• Remote and global work: Access is based on the approved device, not a specific office or geographic location.
• Seamless login: Users may not need to repeatedly enter credentials on a recognized device.
• Limited equipment: It uses devices employees already have rather than requiring separate hardware.

• Geotagging: Restricts access based on location and may prevent legitimate remote work.
• Smart cards: Require issuing and managing additional physical equipment.
• Time-based logins: Limit access by time and do not provide a seamless authentication experience.

• Instant messaging/chat: Can be abused to send malicious links or attachments, but P2P file sharing is the more direct high-risk source.
• E-mail: A common malware delivery method, but this question specifically emphasizes an application type associated with direct file exchange.
• End-to-end applications: This describes communication protection or architecture, not a specific application category known for malware distribution.

• Economy: Obtaining inputs at the lowest appropriate cost.
• Efficiency: Making the best use of resources, such as staff, money, and equipment.
• Effectiveness: Achieving the intended objectives or outcomes.

• The users currently have Office 365 Enterprise E3 licenses assigned directly.
• Assigning Microsoft 365 Enterprise E5 through a group does not automatically remove their directly assigned E3 licenses.
• From the Licenses blade, you can select the E3 product and remove it from all assigned users in one operation. This requires less effort than editing 2,500 users individually.

• Identity Governance manages access reviews, entitlement management, and related governance—not bulk license removal.
• Set-AzureAdUser does not remove product licenses.
• Set-WindowsProductKey applies Windows product keys and is unrelated to Microsoft 365 licensing.

• A password cracker would normally be identified by behavior such as loading password hashes or attempting dictionary/brute-force attacks.
• The question describes a routine audit, not password recovery.
• Simply encountering a protected file during an audit is characteristic of a misconfigured or insufficiently privileged FIM.

• A is correct: It establishes the revised dates and identifies the effect on the critical path.
• B is premature: Stakeholders should be informed after the impact has been assessed and the updated schedule is understood.
• C is not automatically appropriate: Fast-tracking may introduce additional risk and should be considered only after analyzing schedule options.
• D is premature: Adding resources may not resolve a dependency and could increase costs without addressing the actual constraint.

• S3 Glacier Deep Archive is designed for long-term archival data with very infrequent access and has a lower storage cost than S3 One Zone-IA.
• The documents are copies stored elsewhere, so reduced availability and delayed retrieval are acceptable.
• An S3 interface VPC endpoint allows private access from the VPC without exposing the bucket through the public internet.
• A bucket policy can restrict access to requests coming through that endpoint.

• SAML (Security Assertion Markup Language): Commonly used for enterprise SSO between an identity provider and cloud applications. It sends signed authentication assertions to the service provider.
• RADIUS: Primarily used for centralized authentication to network devices, VPNs, and wireless networks.
• EAP: An authentication framework commonly used with network access technologies; it is not typically the SSO protocol for SaaS applications.
• OpenID: Related to identity authentication, but traditional enterprise SSO questions involving cloud applications generally expect SAML. OpenID Connect is a newer authentication layer built on OAuth 2.0.

• Relationship cardinality:

• Filter direction:

• Active versus inactive relationships: only active relationships automatically propagate filters.
• Blank or unmatched values: a fact-table value without a matching dimension row can create the model’s blank/unknown member.
• Uniqueness: the “one” side must contain unique values; duplicate keys generally belong on the “many” side.

• Default route: 0.0.0.0/0; used only when no more specific route exists.
• Network route: A route covering the destination, such as 10.10.13.0/24.
• Host route: An exact 10.10.13.10/32 entry in the routing table.
• Floating static route: A backup static route with a higher administrative distance.

• Tracking who accessed or changed customer information
• Detecting unauthorized activity
• Supporting accountability and investigations
• Providing evidence for compliance and incident response

• Single sign-on not enabled: SSO improves convenience and centralized authentication, but it is not essential for access control.
• Complex passwords not required: This weakens authentication, but other controls may reduce the risk.
• Security baseline not consistently applied: A concern, but it is less specific and less immediately damaging than having no activity records at all.

• Unsafe images: Requires image/content moderation before the image is processed.
• Hidden instructions embedded in images: These are indirect prompt injections contained in untrusted image content or extracted text, not necessarily in the user’s typed prompt.

• MTTC: Time required to contain or limit the incident’s impact — best match.
• MTTR: Time required to remediate or recover from the incident; this may include eradication, restoration, and cleanup, which goes beyond merely stopping spread.
• MTTD: How long it takes to discover the incident.
• MTBF: Average time between failures, generally a reliability metric.

Step 1: Calculate the rights issue price

Step 2: Calculate the number of new shares

Step 3: Calculate the value after the issue and project

• Rights issue proceeds: $21.6m
• Project NPV: $5m

Step 4: Calculate the theoretical ex-rights price

1. The specific table — for example, incident
2. The parent table — for example, task
3. The wildcard table — *, which applies broadly

• 2018-12-31 — the date
• 08:59 — the time

• Changing the original column to Date may fail because it still contains the text at and a time.
• Extracting the last 11 characters does not isolate the date.
• Extracting the first 11 characters gets the date plus a space, but the option does not specify changing the result to the Date type.

• Attack simulator — Used to run phishing and other attack simulations for user awareness training.
• Hunting — Used to proactively query security data and investigate potential threats.
• Incidents — Used to investigate and manage related alerts and active security events.

1. Yes — Microsoft Foundry provides a secure, governed environment for building and managing generative AI applications and agents. It brings together models, data, tools, evaluation, deployment, and monitoring.

1. Yes — Foundry is designed for enterprise workloads and supports scaling AI applications as usage grows. Scalability comes from the underlying Azure services and managed infrastructure.

1. Yes — Foundry can be used in solutions involving image recognition and computer vision. Applications can use vision-capable models and Azure AI vision capabilities for tasks such as image analysis, object detection, and OCR.

• 10 minutes have elapsed, or
• 20 MB of accounting data has accumulated

• STIX: A standardized format for exchanging cyber-threat intelligence.
• OVAL: A language and framework for describing and assessing system vulnerabilities and configuration issues.
• Threat intelligence feed: Provides current indicators or threat information, but is not specifically a reference for common application exploitation techniques.
• CVE: A catalog of publicly disclosed vulnerabilities, identified by unique CVE numbers.

• JDBC
• SnowSQL
• Snowflake Web Interface (UI)
• ODBC
• Python connector

• A — Technical review by business owner: A business owner may approve the business impact, but a technical review is normally performed by technical personnel.
• C — Cost-benefit analysis after implementation: Cost-benefit analysis should occur before implementation to support the approval decision.
• D — Business continuity testing: This can be appropriate for major changes, but it is primarily part of business continuity and disaster recovery planning—not a universal change-management activity.

• HTTPS: Secure web traffic, not general command-line server administration.
• SNMPv3: Secure network monitoring and management, not interactive server login.
• RDP: Provides graphical remote desktop access. It can be secure, but it is not the direct replacement for Telnet in this scenario.
• SMTP: Used to send email.

• transform() — modifies every element in an array
• filter() — keeps elements matching a condition
• exists() — checks whether any element matches
• aggregate() — reduces array elements to one result

sql 
SELECT transform(scores, x -> x * 2) 
FROM student_scores;

• A is incorrect because higher-order functions are mainly useful for nested or complex data.
• B is incorrect because they do not convert logic into Python.
• D is incorrect because their purpose is not to fix slow built-in functions, but to process arrays or maps with custom logic.

• B: Extending credit to customers increases receivables, so more cash is tied up in working capital.
• C: Replacing obsolete inventory does not reduce the overall inventory investment; it simply changes its composition.
• D: Paying suppliers earlier reduces payables. This uses cash and therefore increases the funds tied up in working capital.

• Compute: Not used; no virtual warehouse is required.
• Data Storage: Not scanned again.
• Metadata: May help Snowflake manage and validate cached results, but it is not the Snowflake architectural layer identified as serving the request.
• Cloud Services: Handles query coordination, metadata services, authentication, and result-cache access.

• Accept: Acknowledge the risk and take no additional action.
• Transfer: Shift the risk or its financial impact to another party, such as through insurance or outsourcing.
• Mitigate: Reduce the likelihood or impact of the risk, such as by implementing security controls.
• Avoid: Eliminate the activity or exposure that creates the risk.

• On-premises resources, such as an existing database
• Cloud resources, such as Azure services or virtual machines
• Connectivity that allows the application to use both environments

• Public cloud: resources are entirely provided through a public cloud provider.
• Private cloud: resources are dedicated to one organization, typically on-premises or privately hosted.

• Security groups
• Dynamic security groups
• Cloud-only or synchronized security groups

• Microsoft 365 groups
• Distribution groups
• Mail-enabled distribution groups

• Build, measure, learn: Create something, assess real feedback or results, and adapt.
• Minimum viable product (MVP): Produce the smallest useful version to test assumptions and reduce uncertainty.
• Fail fast: Test ideas early so that unsuccessful approaches can be identified before significant time or cost is invested.

• Accept: Acknowledging the risk without taking additional action.
• Transfer: Moving the risk’s financial impact to a third party, such as an insurer.
• Mitigate: Reducing the likelihood or impact through controls, such as patching or employee training.
• Avoid: Eliminating the activity that creates the risk.

• Due diligence: Researching and evaluating a third party before entering or continuing a business relationship.
• Internal audit: Evaluates controls within the organization itself.
• Penetration testing: Actively tests systems for exploitable vulnerabilities.
• Attestation: A formal statement or report—such as a SOC 2 report—provided by an independent party about an organization’s controls.

• AWS Network Firewall can inspect and block traffic across a VPC when traffic is routed through the firewall. A Drop action rule can deny traffic from the suspicious source IP.
• GuardDuty findings are sent to Security Hub.
• A Lambda function can be invoked when Security Hub receives a new GuardDuty finding, extract the source IP, and update the Network Firewall policy with a blocking rule.

• GuardDuty threat lists: Used to identify or increase the severity of findings; they do not directly block VPC traffic.
• AWS WAF: Protects supported web applications, such as CloudFront or Application Load Balancers. It does not provide general VPC-wide traffic blocking.
• GuardDuty suppression rules: Suppress or hide findings. They do not block the suspicious traffic.

• Operating profit is affected because transfer price determines internal sales revenue.
• Return on investment (ROI) is affected because ROI depends partly on operating profit.
• Sales revenue is affected because the division records revenue from transferring its output.
• Cost of components purchased is not affected by the transfer price. These are input costs paid to external suppliers and are based on the supplier’s price.

• A script of cloud CLI commands: IaC because the commands can be saved, reviewed, versioned, and rerun consistently.
• Manually run curl commands: Not necessarily IaC; they are manual actions unless organized into an automated script.
• A sequence of REST requests passed to an API: Could represent automation, but the wording does not explicitly say they are stored and executed as reusable code.
• Commands entered into a cloud console: Manual operation, not IaC.

1. CALCULATE
2. AND
3. FILTER

DAX 
Transaction Category = 
CALCULATE( 
    MAX('Transaction Size'[Size]), 
    FILTER( 
        'Transaction Size', 
        AND( 
            Sales[Sales Amount] >= 'Transaction Size'[Minimum], 
            Sales[Sales Amount] <= 'Transaction Size'[Maximum] 
        ) 
    ) 
)

• FILTER examines the rows in the Transaction Size table.
• AND ensures the sales amount falls between the category’s minimum and maximum values.
• CALCULATE evaluates the result in the modified filter context and returns the matching category.