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NEW QUESTION: 1
The Escalation shown below is configured in your client's instance. This Escalation is referenced in the Job Change Workflow. The Job Change Workflow is triggered for an employee and the workflow has stalled.
In what scenario will the Human Resources manager receive an escalation notification if the Manager does not take action after 2 days?
There are 2 correct answers to this question.
Response:
A. The Manager's Manager does not take any action for the next 1 day
B. The Manager's Manager does not take any action for the next 3 days
C. The Manager revokes the escalation
D. The Manager's Manager declines the escalation
Answer: B,D
NEW QUESTION: 2
Zi Wang is a senior buy-side equity analyst with Shandong Securities. Wang must review the work of several of his junior colleagues before investment recommendations go to the Shandong portfolio managers. One recommendation from a junior analyst is given in Exhibit 1.
This same junior analyst e-mailed Wang, saying "I'm in a meeting and hate to bother you. I don't have my calculator or computer with me. We have a British stock with a current £4.00 dividend that is expected to grow at 40% per year for two years and then forever after at 6%, If we assume a required return of 12%, what is the value of this stock?" in a few minutes, Wang e-mails him back: "The British stock is worth £110.42" The junior analyst sends back a second e-mail. "Thanks. If we can buy this stock for £90, what rate of return would we get? Assume the same dividend pattern as in my first e-mail." Wang replies to the second e-mail: "I used trial and error and found an expected rate of return for the British stock of 12%." One of Shandong's portfolio managers asks Wang to clarify the PVGO (present value of growth opportunities) concept for him. Wang tells him, "PVGO is the part of a stock's total value that comes from future growth opportunities. PVGO is conventionally estimated as the market value per share minus the book value per share." The Shandong portfolio manager quickly follows up with two more requests. He says, "I need a couple of favors. First, could you describe the sustainable growth rate concept for us? We've been arguing about it among ourselves. And, second, could you review some highlighted phrases from a research report we received from one of our investment bankers? We aren't sure that the analyst who wrote this report is very competent." The highlighted phrases are:
Phrase 1: When calculating the justified P/E ratios based on a constant growth model like the Gordon model, the forward P/E should be greater than the trailing P/E.
Phrase 2: A free cash flow approach might be preferable when the company's cash flows differ substantially from dividends or the investor takes a control perspective.
Phrase 3: When the required rate of return increases, the value of a share of stock should decrease even if the stock's dividend has a negative growth rate.
How should Wang describe sustainable growth? "The sustainable growth rate is the rate of dividend and earnings growth that can be sustained for a given return on equity assuming that:
A. no additional external capital is raised."
B. additional debt capital may be raised, keeping the capital structure constant."
C. additional equity capital may be raised proportional to the amount of earnings retained."
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Sustainable growth is growth that can be achieved by retaining some earnings and keeping the capital structure (debt to equity) constant. (Study Session 11, LOS 40.o)
NEW QUESTION: 3
You have a SharePoint Server 2010 Service Pack 1 (SP1) server farm.
You plan to use Remote BLOB Storage (RBS).
You need to recommend a backup strategy that will include the BLOB files in the backup. The solution must minimize costs.
What should you include in the recommendation?
A. Microsoft SharePoint Server backups
B. Microsoft System Center Data Protection Manager
C. Microsoft SQL Server database backups
D. Microsoft SQL Server database mirroring that uses FILESTREAM
Answer: A
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