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NEW QUESTION: 1
Which of the following is an element of procurement management:
A. inspection
B. purchasing
C. expediting
D. inspection, purchasing and expediting
E. estimating
Answer: D

NEW QUESTION: 2
A risk manager is deciding between using futures or forward contracts to hedge a forward foreign exchange position. Which of the following statements would be true as he considers his decision:
I. He would need to consider tailing the hedge for the futures contracts while that does not apply to forward contracts II. He would need to consider tailing the hedge for the forward contract while that does not apply to futures contracts III. He would need to consider counterparty risk for the futures contracts while that is unlikely to be an issue for the forward contract IV. He would be likely able to match up maturity dates to his liability when using futures while that may not be so for the forward contracts
A. II only
B. II and IV
C. I only
D. I and III
Answer: C
Explanation:
Explanation
Tailing the hedge refers to adjusting the number of futures contracts required to hedge a position given that futures contracts result in daily cash flows from daily P&L. In the case of forward contracts, P&L is not settled daily but at the end of the contract. Because margin payments (ie the daily P&L) for futures contracts create interest cost or income (depending upon the direction of the flows), the number of contracts required to hedge a given position can fluctuate. This effect is generally small for small positions, or where the time period under consideration is not very long. But it can get large for larger positions that are open for longer time periods, therefore requiring an adjustment to 'tail the hedge'. The adjustment is straightforward - the number of contracts required needs to be divided by (1+r)t, where r is the interest and t the time period (or by ert if continuously compounded rates are being used. Therefore statement I is true and statement II is false.
Statement III is not correct as counterparty risk is certainly an issue for forward contracts, while futures contracts are guaranteed by the exchange, besides having margin requirements and daily P&L movement in place.
Statement IV is not correct as futures come in standardized contracts with standard amounts and a few standard expiry dates to pick, whereas forward contracts are customized and dates, amounts and other details of the contract can be negotiated.

NEW QUESTION: 3

Answer:
Explanation:

Explanation

NEW QUESTION: 4
Amazon EC2インスタンスは、復号化アクションに使用される新しく作成されたAWS KMS CMKへのアクセスを拒否されます。環境には次の構成があります。
*インスタンスには、すべてのリソースのIAMロールでkms：Decryptアクションが許可されます
* AWS KMS CMKステータスは有効に設定されます
*インスタンスは、設定されたVPCエンドポイントを使用してKMS APIと通信できます問題の原因は何ですか？
A. kms：Encryptアクセス許可がEC2 IAMロールにありません
B. IAMユーザーアクセス許可を有効にするKMS CMKキーポリシーがありません
C. EC2インスタンスのIAMロールにkms：GenerateDataKey権限がありません
D. CMKのARNタグには、インスタンスのARNの代わりにEC2インスタンスのIDが含まれます
Answer: B
Explanation:
Explanation
In a key policy, you use "*" for the resource, which means "this CMK." A key policy applies only to the CMK it is attached to References: