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NEW QUESTION: 1
Which two are true concerning authorization within a Cisco Unified Computing System?
(Choose two.)
A. The logical resources, pools and policies, are grouped into roles.
B. If the service profile cannot find available resources, it will search in the parent organization for pools and resources.
C. A role defines a collection of privileges that determines which actions a user can take in Cisco Unified Computing System Manager.
D. Authorization consists of three components (roles, password policy, and locales) that are based on which features and resources the user will not have access to.
E. Customized roles can be configured on and downloaded from remote AAA servers.
Answer: B,C

NEW QUESTION: 2
What are three steps in an employee gap analysis? (Choose three)
A. Compare the variance in an employee's current skills to the required for a specific job for which an employee is being considered (or the employee's current position)
B. compare the job skills for the employee's current position to the skills required for the next job level.
C. list the skills of each employee and compare them to each other
D. identify employee skills
Answer: A,B,D

NEW QUESTION: 3
Somerset Investment Limited is a Singapore-based money management firm that is conducting an appraisal of its investment performance. Cameron Li, CFA, has been charged with conducting the appraisal, and is to report back to upper management with his findings.
Li is convinced that trade executions play a substantial role in overall portfolio performance, particularly for funds that have a relatively high level of turnover during the year. As a result, he is seeking methods that will allow him to evaluate the quality of trade executions.
He knows that the firm's traders use both market and limit orders, and he is wondering if a framework can be developed to ensure that the best order type is used under the specific circumstances for each trade.
When he consults with the firm's head trader, Rick Gleeson, Gleeson tells him that market orders have price uncertainty but no execution uncertainty, while limit orders eliminate price uncertainty but have execution uncertainty. According to Gleeson, rebalancing and liquidity-motivated trades should use limit orders while value-motivated and information-motivated trades should use market orders.
Li knows that bid-ask spreads are a major component of trading costs, and asks Gleeson for some recent trade data that he can use for analysis and presentation to management. He receives the following data relating to a series of buy trades for Sumatra Natural Resources (SNR), with all currency values in Singapore dollars:
Trades of Sumatra Natural Resources

Gleeson also tells Li that the portfolio manager had originally made the decision to purchase 5,000 SNR at
10:00 a.m. when the price was $22.36. The closing price for the day was Leeson's last trade at $22.65, at which point the order for the remaining 2,000 shares was cancelled.
Which of the following correctly summarizes Gleeson's comments concerning the differences between market and limit orders?
A. He is correct concerning the nature of uncertainty; he is correct concerning when the order types should be used.
B. He is incorrect concerning the nature of uncertainty; he is correct concerning when the order types should be used.
C. He is correct concerning the nature of uncertainty; he is incorrect concerning when the order types should be used.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Gleeson is correct concerning the nature of uncertainty. Market orders have price uncertainty but no execution uncertainty, while limit orders eliminate price uncertainty but have execution uncertainty.
However, he is incorrect concerning when rhese order types should be used. In most cases, information- motivated and liquidity-motivated trades should use market orders to ensure that execution takes place, while value-motivated and rebalancing trades should use limit orders because price is typically more important than the speed of execution. (Study Session 16, LOS 45.a)

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