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NEW QUESTION: 1
An Admin has noticed that the proration for their subscription products is not coming out to what they would expect. With a Start Date of January 1, 2017 and End Date of January 1,
2018, the Prorate Multiplier is coming out to 1,083. The CPQ Admin is expecting a Prorate Multiplier of 1,003. What action should the Admin take to correct this pricing issue?
A. Change the Prorate Calculation field in package settings from Month to Day.
B. Change the Subscription Prorate Precision in package settings to "Month + Day."
C. Change the Subscription Term Unit in package settings from Month to Day.
D. Change the Default Subscription Term on the Quote Line to produce expected proration.
Answer: B
NEW QUESTION: 2
Which of the following can a manager use from the Team Overview tab? Note: There are 2 correct answers to
this question?
A. The Stack Ranker to evaluate competencies for their direct reports
B. The Ask Feedback button to send an email to internal or external users
C. The Get Feedback feature to collect additional comments on the form
D. The Stack Ranker to evaluate objectives for their direct reports
Answer: B,C
NEW QUESTION: 3
Jeff Stone, CFA, is evaluating a newly issued mortgage backed security for his bond portfolio. Stone expects interest rates to rise gradually over the next few years. If Stone's interest rate forecast is correct, prepayment risk of the mortgage backed security:
A. will decrease, although prepayments will still occur.
B. will increase, as curtailments become more likely.
C. will fall to zero, as borrowers will have no incentive to prepay their loans.
Answer: A
NEW QUESTION: 4
Securitization is the process by which banks
I. Issue bonds where the payment of interest and repayment of principal on the bonds depends on the cash flow generated by a pool of bank assets.
II. Issue bonds where the bank has transferred its legal right to payment of interest and repayment of principal to bondholders.
III.
Sell illiquid assets.
A. I, II
B. I, III
C. I, II, III
D. I
Answer: C
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