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Exam Code: ABV
Exam Name: IFPUG (Accredited in Business Valuation (ABV))
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Total Q&A: 344 Questions and Answers
Last Update: 2014-01-27

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NO.1 S corporations, limited liability corporations, limited liability partnerships, family limited
partnerships, professional corporations, real estate investment trust, investment companies
registered under the investment company act of 1940 and personal holding companies are the
examples of:
A. General and limited partnerships
B. Cooperatives
C. Entities’ structures giving rise to special legal or tax considerations (specified structure)
D. Companies following valuation standards
Answer: C

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NO.2 The definition of specific business interest can be broken down into two broad questions:
1.-Is the valuation to be a valuation of assets or a valuation of securities?
2)-In either case, exactly what assets or what securities are subject to valuation? By securities
in above context, we mean:
A. Ownership interests; such as marketable securities and commercial papers
B. Ownership interests; such as stock, dept and partnership interests
C. Partnership interests
D. Equity or invested capital
Answer: B

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5. Valuation of
must be specified. For example, the assignment might include
language such as” ...engaged to estimate the fair market value of the fixed assets, inventory,
and goodwill, on a going-concern basis of...”
A. Assets
B. Securities
C. Cooperatives
D. Partnerships
Answer: A

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NO.3 When specifying, who is to provide the valuation services, the important distinction is
whether the client is retaining the appraisal firm itself or the individual appraiser employed
by the firm. The common practice is:
A. To retain the individual appraiser rather than the firm
B. To retain the firm rather than individual appraiser, even though the expert witnesses testify
based upon their individual expertise and opinions
C. To retain the individual since the firm is responsible for completing the assignment
regardless of impairment the individual’s capability to perform the work
D. To retain firm as such practice also tends to provide discontinuity in retention of working
papers and related records, marking them accessible if they are needed months or even yearslater
as they frequently are
Answer: B

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NO.4 The United State is by far the world leader in markets for both publicly traded securities and
closely held businesses and business interests. Two factors have combined to accelerate the
spread of U.S technology in financial appraisals and market throughout the world. Which of
the following is/are of those factors?
A. Rapidly increasing international flow of capital
B. Growing privatization of formerly socially owned businesses in almost every country of
the world.
C. Increased inflation in major parts of the world
D. Secondary market securities trading phenomenon
Answer: A, B

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Exam Code: I40-420
Exam Name: IFPUG (Certified Function Point Specialist )
One year free update, No help, Full refund!
Total Q&A: 249 Questions and Answers
Last Update: 2014-01-02

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NO.1 What is true about conversion functionality?
A. Transactional or data functions provided to convert data and /or provide other user specified
conversion requirements
B. Exists only during the development or enhancement of an application
C. Conversion functionality is outside the scope of FP counting
D. Both A and B
Answer: D

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NO.2 Which of the following statements regarding the counting scope is true?
A. It defines the set of Functional User Requirements to be included in the FP count
B. It always includes more than one application
C. It determines the purpose of the applications being counted
D. It defines a (sub) set of the modules being sized
Answer: A

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NO.3 An example of the purpose of an FP count is to provide:
A. input to the estimation process needed to determine the level of effort to develop the first release of an
application
B. a comparison of functionality delivered by two different suppliers' packages
C. determine the size of an application as part of the organization's effort to determine the size of its
software portfolio
D. All of the above
Answer: D

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NO.4 An EI is defined as:
A. an elementary process that processes data sent from outside the application boundary
B. control information sent from outside the user view
C. an elementary process that processes data or control information sent from outside the application's
boundary
D. All of the above
Answer: C

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NO.5 An application FP count is defined as:
A. a measure of the current functions the application provides the user
B. the initial development project FP count
C. an enhancement project that alters the applications functions
D. the activity of applying this International Standard to measure the functional size of an application
Answer: D

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NO.6 Which of the following is NOT true of a boundary?
A. It encloses the logical data maintained by the application
B. It is the physical interface between the software under study and its users
C. It is dependent on the user's external business view of the application and is independent of technical
and/or implementation considerations
D. It defines what is external to the application
Answer: B

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NO.7 Which of the following statements about an External Input is true?
A. Has the primary intent to maintain one or more ILFs
B. An elementary process to hold data or control information from outside the boundary
C. Has the primary intent to alter the behavior of a transaction
D. Has the primary intent to reference one or more EIFs
Answer: A

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NO.8 When counting DETs which of the following rules apply?
A. Count a DET for each recursive field on the ILF or EIF
B. Count a DET for each piece of data in an ILF or EIF required by the user to establish a relationship with
another ILF or EIF
C. Count a DET for each repeating field that is identical in format
D. Count a DET for each field that appears more than once in an ILF or EIF
Answer: B

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NO.9 The primary intent of an EI is to maintain:
A. One or more ILFs or alter the behavior of the application
B. One or more ILFs
C. One or more EIFs or alter the behavior of the application
D. One or more EIFs
Answer: A

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NO.10 Which of the following is an attribute used to represent relationships of one entity to another.?
A. Primary key
B. Secondary key
C. Foreign key
D. Domestic key
Answer: C

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NO.11 Which category (ies) of data entities is (are) usually identified to satisfy the Functional User
Requirements?
A. Business data
B. Reference data
C. Code data
D. Both A and B
Answer: D

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NO.12 What is an elementary process?
A. The smallest unit of activity that is meaningful to the developer
B. The largest unit of activity that is meaningful to the user
C. The smallest unit of activity that is meaningful to the user
D. The largest unit of activity that is meaningful to the developer
Answer: C

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NO.13 What is a (are) valid example(s) of code data?
A. Substitution data
B. Static data
C. Valid values
D. All of the above
Answer: D

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NO.14 Which of the following statements is (are) true regarding an application functional size (FS)?
A. It provides a measure of the functionalities that an application provides to the user
B. It is never updated after the initial application installation
C. It is associated with an application's lifecycle
D. Both A and C
Answer: D

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NO.15 "Requirements specifically requested by the user to complete an elementary process" defines which of
the following terms?
A. Control information
B. Processing logic
C. Maintain
D. User identifiable
Answer: B

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NO.16 Which of the following statements regarding functional size measurement is true?
A. Early functional size measurements can never change during design and coding phase
B. It is quite normal to identify additional functionality that was not specified in the original requirements in
the form of scope creep
C. It is not necessary to update the application functional size upon completion of an enhancement.
D. Both B and C
Answer: B

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NO.17 Which of the following is NOT an example of the purpose of a function point count?
A. To enable comparison of functionality delivered by two applications
B. To determine maintenance support cost per function point
C. To understand the percentage of lines of code that is being reused across three different applications
D. To determine the effort and duration of a development project
Answer: C

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NO.18 Control information is defined as data that:
A. defines an elementary process of the application being counted
B. influences an elementary process of the application being counted
C. controls an elementary process of the application being counted
D. does not influence an elementary process of the application being counted
Answer: B

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NO.19 Which of the following defines the purpose of a count?
A. Provides an answer to a business question, and it is the business question that determines the
purpose
B. Influences the positioning of the application between the software under review and the surrounding
software
C. Influences the type of FP count to answer the business problem under investigation
D. Provides an input to the estimation process needed to determine the level of effort required to develop
the first release of an application
Answer: A

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NO.20 What is a user identifiable group of logically related data or control information referenced by the
application, but maintained within the boundary of another application?
A. An ILF
B. An IIF
C. An EIF
D. An ELF
Answer: C

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Exam Code: 140-420
Exam Name: IFPUG (Certified Function Point Specialist )
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Total Q&A: 249 Questions and Answers
Last Update: 2013-10-31

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