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NEW QUESTION: 1
An item set is required to generate data records. What are two of the records? (Choose two.)
A. Assets
B. People
C. Locations
D. Organizations
E. Item Master
Answer: D,E

NEW QUESTION: 2
Which of the following are the 3 layers of an application? (Select all that apply)
A. User Interface
B. Business Logic
C. Business Data
D. Data Model E. Objects
Answer: A,B,D

NEW QUESTION: 3
County Farm Insurance Co. manages a portfolio of corporate bonds for the purpose of producing cash flows sufficient to meet liabilities originating from its sale of life insurance policies. Credit rating and the size and timing of coupon and principal payment have been the criteria used to select bonds for the portfolio. An unexpected decrease in the level of market yields may:
I). increase the market value of bonds in the portfolio
II). reduce income realized from reinvestment of coupons
III). cause callable bonds to be called by issuers
A. I, II and III.
B. I and III.
C. I and II.
Answer: A
Explanation:
This portfolio of bonds is exposed to interest rate risk, reinvestment risk and risk exposure from the call provisions of some of the bonds.