Wally Hewitt Is an Accountant with a Large Accounting Firm

question 12

Multiple Choice

Wally Hewitt is an accountant with a large accounting firm.The firm has a very strict policy of requiring all users to change their passwords every sixty days.In early March,Wally received an email from the firm that explained that there had been an error updating his password and that provided a link to a Web site with instructions for re-entering his password.Something about the email made Wally suspicious,so he called the firm's information technology department and found that the email was fictitious.The email was an example of

• A) social engineering.
• B) phishing.
• C) piggybacking.
• D) spamming.

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Definitions:

Present Value

The value today of a future sum of money or cash flow sequence, discounted at a particular rate of return.

Equal Amount

A term indicating that two or more quantities are the same in value or measure.

Ten Years

A period of ten consecutive years, often used as a significant measurement of time for planning, analysis, and comparison in various contexts.

Discount Rate

The interest rate that is used in the context of DCF analysis which helps in determining the current value of cash flows to be received in the future.