1. Right Answer: A
Explanation: In an electronic money model issuer attempts to do this by creating digital certificates, which are then purchased by users who redeem them with the issuer at a later date. In the interim, certificates can be transferred among users to trade for goods or services. For the certificate to take on some of the attributes of physical cash, certain techniques are used so that when a certificate is deposited, the issuer can not determine the original withdrawer of the certificate. This provides an electronic certificate with unconditional uncertainty.For CISA exam you should know below information about payment systemsThere are two types of parties involved in all payment systems '' the issuer and the user. An issuer is an entity that operates the payment service. An issuer holds the items that the payment represents. The user of the payment service performs two main functions- making payments and receiving payments '' and therefore can be described as a payer or payee receptively.Electronic Money Model -The objective of electronic money systems is emulating physical cash. An issuer attempts to do this by creating digital certificates, which are then purchased by users who redeem them with the issuer at a later date. In the interim, certificates can be transferred among users to trade for goods or services. For the certificate to take on some of the attributes of physical cash, certain techniques are used so that when a certificate is deposited, the issuer can not determine the original withdrawer of the certificate. This provides an electronic certificate with unconditional uncertainty.Electronic Check Model -Electronic check system model real-world checks quite well and thus relatively simple to understand and implement. A users write an electronic check, which is digitally signed instruction to pay. This is transferred to another user, who then deposits the electronic check with the issuer. The issuer will verify payer's signature on the payment and transfer the fund from the payer's account to the payee's account.Electronic Transfer Model -Electronic systems are simplest of three payment models. The payer simply creates a payment transfer instructions, sign it digitally and send it to issuer. The issuer then verifies the signature on the request and performs the transfer. This type of systems requires payer to be on-line and not payee.The following were incorrect answers:Electronic Check Model -Electronic check system model real-world checks quite well and thus relatively simple to understand and implement. A users write an electronic check, which is digitally signed instruction to pay. This is transferred to another user, who then deposits the electronic check with the issuer. The issuer will verify payer's signature on the payment and transfer the fund from the payer's account to the payee's account.Electronic Transfer Model -Electronic systems are simplest of three payment models. The payer simply creates a payment transfer instructions, sign it digitally and send it to issuer. The issuer then verifies the signature on the request and performs the transfer. This type of systems requires payer to be on-line and not payee.Electronic Withdraw Model '' Not a valid type of payment system.The following reference(s) were/was used to create this question:CISA review manual 2014 Page number 183

2. Right Answer: B
Explanation: Electronic check system model real-world checks quite well and thus relatively simple to understand and implement. A users write an electronic check, which is digitally signed instruction to pay. This is transferred to another user, who then deposits the electronic check with the issuer. The issuer will verify payer's signature on the payment and transfer the fund from the payer's account to the payee's account.For CISA exam you should know below information about payment systemsThere are two types of parties involved in all payment systems '' the issuer and the user. An issuer is an entity that operates the payment service. An issuer holds the items that the payment represents. The user of the payment service performs two main functions- making payments and receiving payments '' and therefore can be described as a payer or payee receptively.Electronic Money Model -The objective of electronic money systems is emulating physical cash. An issuer attempts to do this by creating digital certificates, which are then purchased by users who redeem them with the issuer at a later date. In the interim, certificates can be transferred among users to trade for goods or services. For the certificate to take on some of the attributes of physical cash, certain techniques are used so that when a certificate is deposited, the issuer can not determine the original withdrawer of the certificate. This provides an electronic certificate with unconditional uncertainty.Electronic Check Model -Electronic check system model real-world checks quite well and thus relatively simple to understand and implement. A users write an electronic check, which is digitally signed instruction to pay. This is transferred to another user, who then deposits the electronic check with the issuer. The issuer will verify payer's signature on the payment and transfer the fund from the payer's account to the payee's account.Electronic Transfer Model -Electronic systems are simplest of three payment models. The payer simply creates a payment transfer instructions, sign it digitally and send it to issuer. The issuer then verifies the signature on the request and performs the transfer. This type of systems requires payer to be on-line and not payee.The following were incorrect answers:Electronic Money Model -The objective of electronic money systems is emulating physical cash. An issuer attempts to do this by creating digital certificates, which are then purchased by users who redeem them with the issuer at a later date. In the interim, certificates can be transferred among users to trade for goods or services. For the certificate to take on some of the attributes of physical cash, certain techniques are used so that when a certificate is deposited, the issuer can not determine the original withdrawer of the certificate. This provides an electronic certificate with unconditional uncertainty.Electronic Transfer Model -Electronic systems are simplest of three payment models. The payer simply creates a payment transfer instructions, sign it digitally and send it to issuer. The issuer then verifies the signature on the request and performs the transfer. This type of systems requires payer to be on-line and not payee.Electronic Withdraw Model '' Not a valid type of payment system.The following reference(s) were/was used to create this question:CISA review manual 2014 Page number 183

3. Right Answer: D
Explanation: Business-to-Government(B-to-G) relationships covers all the transactions between companies and government organizations. Currently this category is infancy, but it could expand quit rapidly as government use their own operations to promote awareness and growth of e-commerce. In addition to public procurement, administrations may also offer the option of electronic interchange for such transactions as VAT returns and the payment of corporate taxes.For CISA exam you should know below E-commerce models:Business-to-Consumer (B-to-C) relationships '' The greatest potential power of E-commerce comes from its ability to redefine relationship with customers in creating a new convenient, low-cost channel to transact business. Companies can tailor their marketing strategies to an individual customer's needs and wants.As more of its business shifts on-line, a company will have an enhanced ability to track how its customer interact with it.Business-to-Business (B-to-B) relationships -The relationship among the selling services of two or more business opens up the possibility of re-engineering business process across the boundaries that have traditionally separated external entities from each other. Because of the ease of access and the ubiquity of theInternet, for example companies can build business process that combine previously separated activities. The result is faster, higher quality and lower-cost set of transactions. The market has ever created to subdivision of B-to-B called business-to-small business(B-to-SB) relationshipsBusiness-to-employee(B-to-E) relationships -Web technologies also assist in the dissemination of information to and among an organization employees.Business-to-Government(B-to-G) relationships - covers all the transactions between companies and government organizations. Currently this category is infancy, but it could expand quit rapidly as government use their own operations to promote awareness and growth of e-commerce. In addition to public procurement, administrations may also offer the option of electronic interchange for such transactions as VAT returns and the payment of corporate taxes.The following were incorrect answers:The other options presented does not covers all transactions between companies and government organizations.The following reference(s) were/was used to create this question:CISA review manual 2014 Page number 175

4. Right Answer: B
Explanation: Embedded database 4GLsare depend on self-contained database management systems. These characteristics often makes them more user-friendly but also may lead to applications that are not integrated well with other product applications. Example includes FOCUS, RAMIS II and NOMAD 2.For CISA exam you should know below mentioned types of 4GLsQuery and report generator '' These specialize language can extract and produce reports. Recently more powerful language has been produced that can access database records, produce complex on-line output and be developed in an almost natural language.Embedded database 4GLs '' These depend on self-contained database management systems. These characteristics often makes them more user-friendly but also may lead to applications that are not integrated well with other product applications. Example includes FOCUS, RAMIS II and NOMAD 2.Relational database 4GLs '' These high level language products are usually an optional feature on vendor's DBMS product line. These allow the application developer to make better use of DBMS product, but they often are not end-user-oriented. Example include SQL+ MANTIS and NATURAL.Application generators '' These development tools generate lower level programming languages(3GL) such as COBOL and C. The application can be further tailored and customized. Data processing development personnel, not end user, use application generators.The following were incorrect answers:Query and report generator '' These specialize language can extract and produce reports.Relational database 4GLs '' These high level language products are usually an optional feature on vendor's DBMS product line.Application generators '' These development tools generate lower level programming languages(3GL) such as COBOL and C.The following reference(s) were/was used to create this question:CISA review manual 2014 Page number 209

5. Right Answer: D
Explanation: Application generators - These development tools generate lower level programming languages(3GL) such as COBOL and C. The application can be further tailored and customized. Data processing development personnel, not end user, use application generators.For CISA exam you should know below mentioned types of 4GLsQuery and report generator '' These specialize language can extract and produce reports. Recently more powerful language has been produced that can access database records, produce complex on-line output and be developed in an almost natural language.Embedded database 4GLs '' These depend on self-contained database management systems. These characteristics often makes them more user-friendly but also may lead to applications that are not integrated well with other product applications. Example includes FOCUS, RAMIS II and NOMAD 2.Relational database 4GLs '' These high level language products are usually an optional feature on vendor's DBMS product line. These allow the application developer to make better use of DBMS product, but they often are not end-user-oriented. Example include SQL+ MANTIS and NATURAL.Application generators '' These development tools generate lower level programming languages(3GL) such as COBOL and C. The application can be further tailored and customized. Data processing development personnel, not end user, use application generators.The following were incorrect answers:Query and report generator '' These specialize language can extract and produce reports.Relational database 4GLs '' These high level language products are usually an optional feature on vendor's DBMS product line.Embedded database 4GLs '' These depend on self-contained database management systems. These characteristics often makes them more user-friendly but also may lead to applications that are not integrated well with other product applications.The following reference(s) were/was used to create this question:CISA review manual 2014 Page number 209