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NEW QUESTION: 1

A. STORED AS RCFILE
B. STORED AS GZIP
C. STORED AS ORC
D. STORED AS TEXTFILE
Answer: C
Explanation:
Explanation
The Optimized Row Columnar (ORC) file format provides a highly efficient way to store Hive data. It was designed to overcome limitations of the other Hive file formats. Using ORC files improves performance when Hive is reading, writing, and processing data.
Compared with RCFile format, for example, ORC file format has many advantages such as:
a single file as the output of each task, which reduces the NameNode's load Hive type support including datetime, decimal, and the complex types (struct, list, map, and union) light-weight indexes stored within the file skip row groups that don't pass predicate filtering seek to a given row block-mode compression based on data type run-length encoding for integer columns dictionary encoding for string columns concurrent reads of the same file using separate RecordReaders ability to split files without scanning for markers bound the amount of memory needed for reading or writing metadata stored using Protocol Buffers, which allows addition and removal of fields

NEW QUESTION: 2
Sara Robinson and Marvin Gardner are considering an opportunity to start their own money management firm. Their conversation leads them to a discussion on establishing a portfolio management process and investment policy statements. Robinson makes the following statements:
Statement 1;
Our only real objective as portfolio managers is to maximize the returns to our clients.
Statement 2:
If we are managing only a fraction of a client's total wealth, it is the client's responsibility, not ours, to determine how their investments are allocated among asset classes.
Statement 3: When developing a client's strategic asset allocation, portfolio managers have to consider capital market expectations. In response, Gardner makes the following statements:
Statement 4: While return maximization is important for a given level of risk, we also need to consider the client's tolerance for risk.
Statement 5: We'll let our clients worry about the tax implications of their investments; our time is better spent on finding undervalued assets.
Statement 6: Since we expect our investor's objectives to be constantly changing, we will need to evaluate their investment policy statements on an annual basis at a minimum.
Robinson wants to focus on younger clientele with the expectation that the new firm will be able to retain the clients for a long time and create long-term profitable relationships. While Gardner felt it was important to develop long-term relationships, he wants to go after older, high-net-worth clients.
Robinson is uncomfortable with Gardner's position on taxes but she can't specifically identify the source of the discomfort. Which of the following statements least accurately reflects proper consideration of tax effects on the investment process?
A. Because investors are ultimately concerned with after-tax returns, it is important that investors consider their own marginal tax rates and the security's tax status when making any investment decision.
B. Pensions and endowment funds are typically tax-exempt investors and therefore are less concerned with tax considerations.
C. Investors should rely on accountants or other advisors for tax advice; portfolio managers should focus on finding undervalued investments and not be distracted by tax considerations.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Responses A and B are appropriate considerations related to tax considerations. Although investors should rely on accountants and other advisors for tax advice, portfolio managers also need to pay attention to the tax consequences of their investment recommendations and relay those consequences to the investor so proper tax planning can occur. (Study Session 18, LOS 68.c)

NEW QUESTION: 3
Which backup and recovery factor does RTO represent?
A. RTO measures loss of production permissible when resuming after a disruption.
B. RTO measures the financial loss incurred due to an outage.
C. RTO measures how long it takes to resume essential operations.
D. RTO measures productivity lost in the event of an outage.
Answer: C

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