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  • Exam Number/Code : AACE-PSP
  • Exam Name : Planning & Scheduling Professional (PSP) Exam
  • Questions and Answers : 260 Q&As
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NEW QUESTION: 1
Examine the structure and data in the PRICE_LIST table:

You plan to give a discount of 25% on the product price and need to display the discount amount in the same format as the PROD_PRICE.
Which SQL statement would give the required result?
A. SELECT TO_CHAR (TO_NUMBER(prod_price, '$99,999.99') * . 25, '$99,999.00') FROM PRICE_LIST
B. SELECT TO_NUMBER (TO_NUMBER(prod_price, '$99,999.99') * . 25, '$99,999.00') FROM PRICE_LIST
C. SELECT TO_CHAR (prod_price* .25, '$99,999.99')
FROM PRICE_LIST
D. SELECT TO_CHAR (TO_NUMBER(prod_price) * .25, '$99,999.00')
FROM PRICE_LIST
Answer: A

NEW QUESTION: 2
Don Wolf became a general partner in Gata Associates on January 1, 1989, with a 5% interest in Gata's profits, losses, and capital. Gata is a distributor of auto parts. Wolf does not materially participate in the partnership business. For the year ended December 31, 1989, Gata had an operating loss of $100,000.
In addition, Gata earned interest of $20,000 on a temporary investment. Gata has kept the principal temporarily invested while awaiting delivery of equipment that is presently on order. The principal will be used to pay for this equipment. Wolf's passive loss for 1989 is:
A. $6,000
B. $0
C. $5,000
D. $4,000
Answer: C
Explanation:
Explanation
Choice "c" is correct. Wolf's passive loss for 1989 is $5,000 ($100,000 operating loss * 5% interest in partnership).
Choice "a" is incorrect. Wolf did not materially participate in the partnership, so the loss was passive.
Choice "b" is incorrect. Wolf's passive loss of $5,000 could not be reduced by his distributive share of the partnership's "interest income" totaling $1,000. Interest income is considered "portfolio income," and neither the partnership nor a partner can offset it against passive losses.
Choice "d" is incorrect. No items of income or deduction from portfolio income or activities in which the taxpayer materially participates may be combined or offset with passive losses unless the activity generating the loss is completely disposed of in a taxable transaction.

NEW QUESTION: 3
A network engineer changed the port speed and duplex setting of an existing EtherChannel bundle that uses the PAgP protocol. Which statement describes what happens to all ports in the bundle?
A. PAgP does not change the port speed and duplex for all ports in the bundle until the switch is rebooted.
B. PAgP drops the ports that do not match the configuration.
C. PAgP changes the port speed but not the duplex for all ports in the bundle.
D. PAgP changes the port speed and duplex for all ports in the bundle.
Answer: D
Explanation:
PAgP aids in the automatic creation of EtherChannel links. PAgP packets are sent between EtherChannel-capable ports in order to negotiate the formation of a channel. Some restrictions are deliberately introduced into PAgP. The restrictions are:
PAgP does not form a bundle on ports that are configured for dynamic VLANs. PAgP requires that all ports in the channel belong to the same VLAN or are configured as trunk ports. When a bundle already exists and a VLAN of a port is modified, all ports in the bundle are modified to match that VLAN.
PAgP does not group ports that operate at different speeds or port duplex. If speed and duplex change when a bundle exists, PAgP changes the port speed and duplex for all ports in the bundle.
PAgP modes are off, auto, desirable, and on. Only the combinations auto-desirable, desirable-desirable, and on-on allow the formation of a channel. The device on the other side must have PAgP set to on if a device on one side of the channel does not support PAgP, such as a router.
Reference: http://www.cisco.com/c/en/us/support/docs/lan-switching/etherchannel/120234.html

NEW QUESTION: 4
Which of the following is the comparison of planned project results with actual project results?
A. Variance analysis
B. Statistical Sampling
C. Trend analysis
D. Cost-benefit analysis
Answer: A

 

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