Protecting Assets: The Client And The Company
SDM Magazine 5-Minute Tech Quiz, March 2013
Questions and Answers
- 1.
The purpose of an asset protection system is to
- A.
Reduce the risk of a loss of important documents
- B.
Restrict movement into and out of a protected area
- C.
Increase insurance costs
- D.
Ensure safe driving skills
- E.
All of the above
- F.
None of the above
Correct Answer
A. Reduce the risk of a loss of important documentsExplanation
An asset protection system aims to minimize the likelihood of important documents being lost. This system is not intended to restrict movement, increase insurance costs, or ensure safe driving skills. Therefore, the correct answer is "reduce the risk of a loss of important documents."Rate this question:
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- 2.
Lighting is an effective way of protecting assets.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Well-lit areas afford a higher level of deterrence to a theft than areas that are not well-lit.Rate this question:
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- 3.
Assets of a client may include
- A.
Business records.
- B.
Computers and electronic equipment.
- C.
Cash.
- D.
All of the above.
- E.
None of the above.
Correct Answer
D. All of the above.Explanation
The assets of a client can include various items such as business records, computers and electronic equipment, and cash. Therefore, the correct answer is "All of the above" as it encompasses all the mentioned options.Rate this question:
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- 4.
A method of tracking a person or an animal can be accomplished using a ___________ chip.
- A.
CIF
- B.
X10
- C.
RFID
- D.
PTSD
Correct Answer
C. RFIDExplanation
RFID stands for Radio Frequency Identification, which is a technology that uses radio waves to track and identify objects or individuals. It consists of a small chip that can be attached or implanted in a person or animal, allowing them to be tracked and located. This technology is commonly used in various applications such as inventory management, access control, and animal tracking.Rate this question:
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- 5.
Contracts between a customer and the alarm company are only designed to list the assets a client is protecting.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
Contracts do not list items being protected. They contain terms and clauses that protect the company in a variety of ways.Rate this question:
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- 6.
Major asset(s) of an installer can include
- A.
A company-provided vehicle.
- B.
Personal tools used on the job.
- C.
A company-issued handheld computer.
- D.
All of the above.
- E.
None of the above.
Correct Answer
B. Personal tools used on the job.Explanation
The major assets of an installer can include personal tools used on the job. This means that the installer brings their own tools to perform their tasks, which are essential for their work. The other options mentioned, such as a company-provided vehicle and a company-issued handheld computer, may also be assets for an installer, but they are not specifically mentioned as major assets in this context. Therefore, the correct answer is personal tools used on the job.Rate this question:
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- 7.
A(n) _____________ system is not an asset protection system.
- A.
Fire alarm
- B.
Burglar alarm
- C.
Interactive services
- D.
Environmental
Correct Answer
C. Interactive servicesExplanation
An interactive services system is not an asset protection system because it is designed to provide interactive features and services to the user, such as home automation, remote monitoring, and control. While it may have some security features, its primary focus is on providing convenience and enhanced functionality rather than protecting assets from theft or damage.Rate this question:
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- 8.
Access control systems provide a level of asset protection.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Access control systems provide a level of asset protection by restricting and controlling access to certain areas or resources. These systems ensure that only authorized individuals can enter specific locations or access sensitive information or valuable assets. By implementing access control measures such as key cards, biometric scans, or passwords, organizations can prevent unauthorized access, theft, or damage to their assets. This helps to enhance security and safeguard valuable resources, making the statement "Access control systems provide a level of asset protection" true.Rate this question:
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- 9.
You are installing a fire alarm system and the customer advises that you caused damage on the property. In order to protect the company you should
- A.
Pay the damages out of your pocket so the company doesn’t fire you.
- B.
Report the damage to your supervisor so that the company’s insurance agent may be notified.
- C.
Tell the customer that the installation agreement protects him (the installer) from liability for any damages he (the installer) causes.
- D.
Deny doing any damage.
Correct Answer
B. Report the damage to your supervisor so that the company’s insurance agent may be notified.Explanation
To protect the company, it is important to report the damage to your supervisor so that the company's insurance agent may be notified. By doing so, the company can take appropriate action to handle the situation and potentially cover the damages through their insurance policy. This not only safeguards the company's reputation but also ensures that the necessary steps are taken to address any potential liability issues. Paying the damages out of your pocket or denying any damage may not be a wise decision as it could lead to personal financial loss or further damage to the company's reputation.Rate this question:
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- 10.
Temperature, humidity and other environmental sensors are designed for the physical protection of assets.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Temperature, humidity, and other environmental sensors are designed to monitor and measure the physical conditions of the environment. By doing so, they provide crucial information that helps in protecting assets. For example, temperature sensors can detect overheating in electrical equipment, preventing potential damage or fire hazards. Humidity sensors can monitor moisture levels, preventing the growth of mold or corrosion. Overall, these sensors play a vital role in safeguarding assets by alerting individuals to any unfavorable environmental conditions that could cause harm or deterioration.Rate this question:
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- 11.
To increase his value as a team member, a technician could
- A.
Work smarter not harder.
- B.
Attend seminars and trainings.
- C.
Achieve certifications related to his trade.
- D.
All of the above.
Correct Answer
D. All of the above.Explanation
The correct answer is "All of the above" because by working smarter, a technician can increase his productivity and efficiency, making him a valuable team member. Attending seminars and trainings allows the technician to stay updated with the latest industry trends and acquire new skills, which can enhance his value as a team member. Additionally, achieving certifications related to his trade demonstrates the technician's expertise and dedication, further increasing his value to the team.Rate this question:
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- 12.
To protect a large outside storage area or a boat display area that has no perimeter fence, the best method would be to
- A.
Use leaky coax.
- B.
Hire a guard.
- C.
Increase lighting.
- D.
Install an access control system.
Correct Answer
A. Use leaky coax.Explanation
Using leaky coax is the best method to protect a large outside storage area or a boat display area that has no perimeter fence. Leaky coax is a type of coaxial cable that emits a signal along its entire length, creating a "leak" of radio frequency energy. This can be used to create a virtual perimeter fence by detecting any movement or intrusion within the area. It provides an effective and cost-efficient solution for monitoring and securing open areas without the need for physical barriers or constant human supervision.Rate this question:
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- 13.
Technicians should prove what they know and always answer questions from a client without consulting with management.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
There are times when statements made by a technician could be used in court against the company. Thoughtfully consider the type of question and then refer the customer to management or the customer service team.Rate this question:
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- 14.
Technicians are responsible for the balance sheet of a company, which includes a listing of assets, liabilities and owner’s equity.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
Technicians are not responsible for the balance sheet of a company. The balance sheet is typically prepared by accountants or financial professionals who have the necessary expertise and knowledge in accounting principles. Technicians may assist in gathering and organizing the financial data, but the ultimate responsibility for preparing and maintaining the balance sheet lies with the accounting department or financial professionals.Rate this question:
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- 15.
Which of the following is not considered an asset?
- A.
Customer contracts
- B.
Cash
- C.
Leased office equipment
- D.
Systems leased to customers whereby the company retains title to the equipment
Correct Answer
C. Leased office equipmentExplanation
Leased office equipment is not considered an asset because it is not owned by the company. Assets are resources owned or controlled by a company that have economic value and can be used to generate future benefits. However, leased office equipment is typically owned by a leasing company and is not owned by the company itself. Therefore, it is not considered an asset on the company's balance sheet.Rate this question:
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Mar 21, 2023Quiz Edited by
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Mar 15, 2013Quiz Created by
SDMMagazine
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