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Your Organization Has Installed a New Application That Fetches Project

question 22

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Your organization has installed a new application that fetches project details from a database installed on a Windows Server 2019 system to perform financial computations. A bug in the application causes the program to fetch details of incorrect project IDs. The network administrator tries reinstalling the operating system, but the issue remains to be fixed. Can you identify why reinstalling the operation system did not work?


Definitions:

1934 Act

The Securities Exchange Act of 1934, which governs the trading of securities in the U.S., establishes the Securities and Exchange Commission (SEC), and mandates reporting by publicly traded companies.

Short-swing Profits Rule

A regulation intended to prevent insiders of a company from taking advantage of non-public information for quick financial gains by buying and selling their own company's stock within a six-month period.

Civil Liability

Legal responsibility for actions or omissions that cause harm or injury to another individual, subject to financial compensation rather than criminal penalties.

Dodd-Frank Act

U.S. legislation passed in 2010 aimed at promoting financial stability by improving accountability and transparency in the financial system, named after sponsors Senator Chris Dodd and Representative Barney Frank.

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