VMCE_v12 Practice Questions

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NEW QUESTION: 1
Scenario
Additional Information
Product Description

Quality notes from the Daily Log
The Director of Information Technology Division (DIT) has been asked to ensure that any changes to the outsourced staff employment contracts adhere to employment law. The DIT will review future job descriptions of the transferred staff before the final contract is signed with the selected service provider.
The service level agreement between MFH and the selected service provider will specify the type and quality of service required. The selected service provider must follow the industry standards for providing outsourced services.
MFH has a quality management system which contains a document control procedure for all its documentation, however this does not include change management.
All project documents will be subject to a quality review. Nominated products will require a formal approval record signed-off by the quality review chair.
Extract from the draft Quality Management Strategy (may contain errors) Introduction
1. This document defines the approach to be taken to achieve the required quality levels during the project.
2. The Project Board will have overall responsibility for the Quality Management Strategy.
3. Project Assurance will provide assurance on the implementation of the Quality Management Strategy.
Quality management procedure - Quality standards
4. The selected service provider will operate to industry standards for providing outsourced services.
5. MFH document standards will be used.
Records
6. A Quality Register will be maintained to record the planned quality events and the actual results from the quality activities.
7. Configuration Item Records will be maintained for each product to describe its status, version and variant.
8. Approval records for products that require them will be stored in the quality database.
Roles and responsibilities
9. The DIT will check that the employment contracts for outsourced staff adhere to employment law.
10. Team Managers will provide details of quality checks that have been carried out.
11. Team Managers will ensure that the Quality Register is updated with the names of team members who are involved in the review process.
12. The Senior User will review the Product Descriptions of the products to be produced by the selected service provider to ensure that they can be achieved.
Which is a correctly defined acceptance criterion for the transferred facilities computer system?
A. No (zero) loss of system functionality.
B. Planned periods of shutdowns of the computer system must be kept to a minimum.
C. Must be subject to regular back-ups.
D. Back-up of data must be kept until the data is no longer needed.
Answer: A

NEW QUESTION: 2
Duncan Manz believes that he has found an error in a sample CFA Study Program question. Prior to e- mailing the provider about the error, he discusses his logic with Julia Cook, a fellow finance student at the Hess School of Business. Manz does not believe that the following question provides enough information to completely answer the question. Cook disagrees. Who is correct ?Manz or Cook? And, if Cook is correct, what is the correct answer?
Question: An investor抯portfolio currently consists of 100% of stocks that have a mean return of 18 percent and an expected variance of 0.0625. The investor plans to diversify slightly by replacing 30 percent of her portfolio with U.S. Treasury bills that earn 4.25 percent. Assuming the investor diversifies, what are the expected return and expected standard deviation of the portfolio?
A. Manz is correct. There is not enough information to completely answer the question.
B. Cook is correct. The portfolio's expected return is 18.000% and the expected standard deviation is
15.250%.
C. Cook is correct. The portfolio's expected return is 13.875% and the expected standard deviation is
17.500%.
D. Cook is correct. The portfolio's expected return is 13.875%and the expected standard deviation is
4.375%.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Cook is correct. Since Treasury bills (T-bills) are consideredrisk-free, we know that the standard deviation of this asset and the correlation between T-bills and the other stocks is 0. Thus, we can calculate the portfolio expected return and standard deviation.
Step 1: Calculate the expected return:
Expected ReturnPortfolio= (wT-bills* ERT-bills) + (wStocks* ERStocks)= (0.30) * (0.0425) + (1.00 - 0.30) * (0.18) = 0.13875, or 13.875%.
Step 2: Calculate the expected standard deviation:
When combining a risk-free asset and a risky asset (or portfolio of risky assets), the equation for the standard deviation ofꢀ1,2= [(w12)(ꢀꢀ12) + (w22)(ꢀꢀ22) + 2w1w2ꢀ1ꢀ2r1,2]1/2reduces to:ꢀPortfolio= [(wStocks)(ꢀꢀStocks)] = 0.70 * 0.06251/2= 0.17500, or 17.500%. (Remember to convert variance to standard deviation.)

NEW QUESTION: 3
Refer to the exhibit.
Which additional configuration is necessary for R1 and R2 to become OSPF neighbors?
A. R2
!
router ospf 10
no network 10.1.1.6 0.0.0.0 area 0
network 10.1.1.6 0.0.0.0 area 1
!
B. R1
!
router ospf 1
no passive-interface Fastethernet0/0
!
C. R1
!
no router ospf 1
router ospf 10
network 10.1.1.5 0.0.0.0 area 0
D. R1
!
interface FastEthernet0/0
ip ospf mtu-ignore
!
R2
!
interface FastEthernet0/1
ip ospf mtu-ignore
!
Answer: B