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NEW QUESTION: 1
You are installing the Oracle Solaris 11 Operating System by using the Text Installer. Which two options describe the features associated with the Text Installer?
A. You can do both automatic and manual configuration of the network.
B. It can be used to install only SPARC systems.
C. You can select how to configure the remaining network interfaces.
D. You can choose whether root is a role or user account.
E. It installs gnome as the default user environment on a system capable of displaying a graphical environment.
Answer: A,C,D
NEW QUESTION: 2
An administrator notices that nothing is being archived during scheduled archiving. However, users are able to archive manually from Outlook.
What should the administrator check first to ensure items are archived during scheduled archiving?
A. the "Initially Suspend Archiving" is unchecked in the provisioning group
B. the Mailbox Archiving task has Report mode unchecked
C. the Maximum number of items per target per pass is set to 1000
D. the Provisioning task is running
Answer: B
NEW QUESTION: 3
Shirley Riley, CFA, has just been promoted, from vice president of trading to chief investment officer (CIO) at Crane & Associates, LLC (CA), a large investment management firm. Riley has been with CA for eight years, but she has much to learn as she assumes her new duties as CIO. Riley has decided to hire Denny Simpson, CFA, as the new compliance officer for CA, Riley and Simpson have been reviewing procedures and policies throughout the firm and have discovered several potential issues.
Communications with Clients
Portfolio managers are encouraged to communicate with clients on a regular basis. At a minimum, managers are expected to contact clients on a quarterly basis to review portfolio performance. Each client must have an investment policy statement (IPS) created when their account is opened, specifying the objectives and constraints for their portfolio. IPSs are reviewed at client request at any time. Any time market conditions dictate a change in the investment style or strategy of a client portfolio, the client is notified immediately by phone or email.
Employee Incentive Program
CA offers several incentive programs to employees. One of the most popular of these programs is the CA IPO program. Whenever CA is involved in an initial public offering (IPO), portfolio managers are allowed to participate. The structure is simple-for every 100 shares purchased on behalf of a client, the manager is awarded five shares for his own account. The manager is thus rewarded for getting an IPO sold and at the same time is able to share in the results of the IPO. Any¬time shares are remaining 72 hours before the IPO goes public, other employees are allowed to participate on a first-come, first-serve basis. Employees seem to appreciate this opportunity, but CA does not have exact numbers on employee participation in the program.
Private Equity Fund
CA has a private equity fund that is internally managed. This fund is made available only to clients with more than $5 million in assets managed by CA, a policy that is fully disclosed in CA's marketing materials.
Roughly one-third of the fund's assets are invested in companies that are either very small capitalization or thinly traded (or both). The pricing of these securities for monthly account statements is often difficult. CA support staff get information from different sources-sometimes using third party services, sometimes using CA valuation models. In some instances, a manager of the private equity fund will enter an order during the last trading hour of the month to purchase 100 shares of one of these small securities at a modest premium to the last trade price. If the trade gets executed, that price can then be used on the account statements. The small size of these trades does not significantly affect the fund's overall position in any particular company holding, which is typically several thousand shares.
Soft Dollar Usage
Several different managers at CA use independent research in developing investment ideas. One of the more popular research services among CA managers is "Beneath the Numbers (BTN)," which focuses on potential accounting abuses at prominent companies. This service often provides early warnings of problems with a stock, allowing CA managers the opportunity to sell their clients' positions before a negative surprise lowers the price. Stocks covered by BTN are typically widely held in CA client accounts.
Managers at CA have been so happy with BTN that they have also subscribed to a new research product provided by the same authors-"Beneath the Radar (BTR)." BTR recommends small capitalization securities that are not large enough to attract much attention from large institutional investors. The results of BTR's recommendations are mixed thus far, but CA managers are willing to be patient.
As they discuss these issues, Riley informs Simpson that she is determined to bring CA into full compliance with the CFA Institute's "Asset Manager Code of Professional Conduct." The following questions should be answered with the Asset Manager Code as a guide.
In discussing the pricing of thinly traded securities in the private equity fund, Riley suggested that CA should choose one pricing method and apply it consistently, thus avoiding the need to disclose specific pricing methods to clients. Simpson responded that using third party sources or internal valuation models was acceptable, so long as the pricing sources are fully disclosed to clients. Indicate whether Riley's comment or Simpson's response are correct or incorrect.
A. Riley's comment is not correct; however Simpson's response is correct.
B. Riley is correct, while Simpson is not correct.
C. Both Riley's comment and Simpson's response are correct.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Riley was incorrect. The pricing methodology should be disclosed to clients, whether one or multiple sources are used. Simpson was correct. Multiple sources are acceptable, so long as full disclosure is made. (Study Session 2, LOS 6.b)
NEW QUESTION: 4
When configuring a LDAP query for the LDAPSYNC cron task, it is important to understand the content of the LDAP structure and how it relates to information in IBM Maximo Asset Management V7.5 (Maximo). What happens when users imported from a LDAP capable server do not have the required data in their record?
A. The person record is created but the associated Maximo user record is not.
B. The user record is not imported into the Maximo users table. There is an error which can be captured if cron task logging is enabled to do so.
C. The user record is imported into the Maximo users table. An error is logged to the bulletin board group for user security updates.
D. The user record is imported into a temporary user table where the security admin role user can review and change any data to allow the user full access.
Answer: B
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Aalk - 2014-05-05 16:45:18
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