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NEW QUESTION: 1
Rules are saved as text strings in files with a _____ extension
A. .ctl
B. .scr
C. .dcl
D. .vbp
Answer: C

NEW QUESTION: 2
Management decides to implement a risk management system to reduce and maintain the organization's risk at an acceptable level. Which of the following is the correct order in the risk management phase?
A. Risk Identification. Risk Assessment. Risk Monitoring & Review, Risk Treatment
B. Risk Assessment, Risk Treatment, Risk Monitoring & Review, Risk Identification
C. Risk Treatment, Risk Monitoring & Review, Risk Identification, Risk Assessment
D. Risk Identification, Risk Assessment, Risk Treatment, Risk Monitoring & Review
Answer: D

NEW QUESTION: 3
Your network contains an Active Directory domain named contoso.com.
You have an organizational unit (OU) named Sales and an OU named Engineering. You have a Group Policy object (GPO) linked to the domain.
You need to ensure that the settings in the GPO are not processed by user accounts or computer accounts in the Sales OU. You must achieve this goal by using the minimum amount of administrative effort.
What should you do?
A. Configure WMI filtering.
B. Enable block inheritance.
C. Modify the Group Policy permissions.
D. Enable loopback processing in replace mode.
E. Configure Restricted Groups.
F. Link the GPO to the Sales OU.
G. Configure Group Policy Preferences.
H. Configure the link order.
I. Enable loopback processing in merge mode.
J. Link the GPO to the Engineering OU.
Answer: B
Explanation:
Reference:
http://technet.microsoft.com/en-us/library/cc731076.aspx
Block Inheritance You can block inheritance for a domain or organizational unit. Blocking inheritance prevents Group Policy objects (GPOs) that are linked to higher sites, domains, or organizational units from being automatically inherited by the child-level.

NEW QUESTION: 4
Shirley Riley, CFA, has just been promoted, from vice president of trading to chief investment officer (CIO) at Crane & Associates, LLC (CA), a large investment management firm. Riley has been with CA for eight years, but she has much to learn as she assumes her new duties as CIO. Riley has decided to hire Denny Simpson, CFA, as the new compliance officer for CA, Riley and Simpson have been reviewing procedures and policies throughout the firm and have discovered several potential issues.
Communications with Clients
Portfolio managers are encouraged to communicate with clients on a regular basis. At a minimum, managers are expected to contact clients on a quarterly basis to review portfolio performance. Each client must have an investment policy statement (IPS) created when their account is opened, specifying the objectives and constraints for their portfolio. IPSs are reviewed at client request at any time. Any time market conditions dictate a change in the investment style or strategy of a client portfolio, the client is notified immediately by phone or email.
Employee Incentive Program
CA offers several incentive programs to employees. One of the most popular of these programs is the CA IPO program. Whenever CA is involved in an initial public offering (IPO), portfolio managers are allowed to participate. The structure is simple-for every 100 shares purchased on behalf of a client, the manager is awarded five shares for his own account. The manager is thus rewarded for getting an IPO sold and at the same time is able to share in the results of the IPO. Any¬time shares are remaining 72 hours before the IPO goes public, other employees are allowed to participate on a first-come, first-serve basis. Employees seem to appreciate this opportunity, but CA does not have exact numbers on employee participation in the program.
Private Equity Fund
CA has a private equity fund that is internally managed. This fund is made available only to clients with more than $5 million in assets managed by CA, a policy that is fully disclosed in CA's marketing materials.
Roughly one-third of the fund's assets are invested in companies that are either very small capitalization or thinly traded (or both). The pricing of these securities for monthly account statements is often difficult. CA support staff get information from different sources-sometimes using third party services, sometimes using CA valuation models. In some instances, a manager of the private equity fund will enter an order during the last trading hour of the month to purchase 100 shares of one of these small securities at a modest premium to the last trade price. If the trade gets executed, that price can then be used on the account statements. The small size of these trades does not significantly affect the fund's overall position in any particular company holding, which is typically several thousand shares.
Soft Dollar Usage
Several different managers at CA use independent research in developing investment ideas. One of the more popular research services among CA managers is "Beneath the Numbers (BTN)," which focuses on potential accounting abuses at prominent companies. This service often provides early warnings of problems with a stock, allowing CA managers the opportunity to sell their clients' positions before a negative surprise lowers the price. Stocks covered by BTN are typically widely held in CA client accounts.
Managers at CA have been so happy with BTN that they have also subscribed to a new research product provided by the same authors-"Beneath the Radar (BTR)." BTR recommends small capitalization securities that are not large enough to attract much attention from large institutional investors. The results of BTR's recommendations are mixed thus far, but CA managers are willing to be patient.
As they discuss these issues, Riley informs Simpson that she is determined to bring CA into full compliance with the CFA Institute's "Asset Manager Code of Professional Conduct." The following questions should be answered with the Asset Manager Code as a guide.
In discussing the pricing of thinly traded securities in the private equity fund, Riley suggested that CA should choose one pricing method and apply it consistently, thus avoiding the need to disclose specific pricing methods to clients. Simpson responded that using third party sources or internal valuation models was acceptable, so long as the pricing sources are fully disclosed to clients. Indicate whether Riley's comment or Simpson's response are correct or incorrect.
A. Both Riley's comment and Simpson's response are correct.
B. Riley's comment is not correct; however Simpson's response is correct.
C. Riley is correct, while Simpson is not correct.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Riley was incorrect. The pricing methodology should be disclosed to clients, whether one or multiple sources are used. Simpson was correct. Multiple sources are acceptable, so long as full disclosure is made. (Study Session 2, LOS 6.b)