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NEW QUESTION: 1
Management has asked Bob to post an introductory Welcome page when Notes users first open the Video
application.
In which one of the following places should Bob put the Welcome message?
A. In a document named $Welcome
B. In the application About Document
C. In the first Page in the application design
D. In the application Using Document
Answer: B

NEW QUESTION: 2
Geneva Management (GenM) selects long-only and long-short portfolio managers to develop asset allocation recommendations for their institutional clients.
GenM Advisor Marcus Reinhart recently examined the holdings of one of GenM's long-only portfolios actively managed by Jamison Kiley. Reinhart compiled the holdings for two consecutive non-overlapping five year periods. The Morningstar Style Boxes for the two periods for Kiley's portfolio are provided in Exhibits 1 and 2.
Exhibit 1: Morningstar Style Box: Long-Only Manager for Five-Year Period 1

Exhibit 2: Morningstar Style Box: Long-Only Manager for Five-Year Period 2

Reinhart contends that the holdings-based analysis might be flawed because Kiley's portfolio holdings are known only at the end of each quarter. Portfolio holdings at the end of the reporting period might misrepresent the portfolio's average composition. To compliment his holdings-based analysis, Reinhart also conducts a returns-based style analysis on Kiley's portfolio. Reinhart selects four benchmarks:
1. SCV: a small-cap value index.
2. SCG: a small-cap growth index.
3. LCV: a large-cap value index.
4. LCG: a large-cap growth index.
Using the benchmarks, Reinhart obtains the following regression results:
Period 1: Rp = 0.02 + H0.01(SCV) + 0.02(SCG) + 0.36(LCV) + 0.61(LCG)
Period 2: Rp = 0.02 + 0.01(SCV) + 0.02(SCG) + 0.60(LCV) + 0.38(LCG)
Kiley's long-only portfolio is benchmarked against the S&P 500 Index. The Index's current sector allocations are shown in Exhibit 3.
Exhibit 3: S&P 500 Index Sector Allocations

GenM strives to select managers whose correlation between forecast alphas and realized alphas has been fairly high, and to allocate funds across managers in order to achieve alpha and beta separation. GenM gives Reinhart a mandate to pursue a core-satellite strategy with a small number of satellites each focusing on a relatively few number of securities.
In response to the core-satellite mandate, Reinhart explains that a Completeness Fund approach offers two advantages:
Advantage 1: The Completeness Fund approach is designed to capture the stock selecting ability of the active manager, while matching the overall portfolio's risk to its benchmark.
Advantage 2: The Completeness Fund approach allows the Fund to fully capture the value added from active managers by eliminating misfit risk.
Reinhart is concerned that the portfolio managed by Kiley has style drift. Is Reinhart's concern supported by either holdings-based style analysis or returns-based style analysis?
A. Both approaches support style drift.
B. Only the returns-based style analysis supports style drift.
C. Only the holdings-based style analysis supports style drift.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
The change in allocations in Exhibits 1 and 2 indicate large changes in investment style. Allocations moved from a growth-oriented style in the first 5-year period to a value-oriented style in the second 5-year period.
The returns based analysis confirms these findings-the slopes changed markedly for LCV (large increase in the second 5-year period) and LCG (large decrease in the second 5-year period). (Study Session 11, LOS 33.i,k)

NEW QUESTION: 3
After completing a vulnerability scan, the following output was noted:

Which of the following vulnerabilities has been identified?
A. Active Directory encryption vulnerability.
B. PKI transfer vulnerability.
C. VPN tunnel vulnerability.
D. Web application cryptography vulnerability.
Answer: D

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