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NEW QUESTION: 1
A. Option D
B. Option B
C. Option A
D. Option C
Answer: B
Explanation:
Amazon S3 provides a set of operations to work with the Amazon S3 resources. Managing S3 resource access refers to granting others permissions to work with S3. There are three ways the root account owner can define access with S3: S3 ACL: The user can use ACLs to grant basic read/write permissions to other AWS accounts. S3 Bucket Policy: The policy is used to grant other AWS accounts or IAM users permissions for the bucket and the objects in it. User Access Policy: Define an IAM user and assign him the IAM policy which grants him access to S3.
NEW QUESTION: 2
CORRECT TEXT
Problem Scenario GG : You have been given below code snippet.
val a = sc.parallelize(List("dog", "tiger", "lion", "cat", "spider", "eagle"), 2) val b = a.keyBy(_.length) val c = sc.parallelize(List("ant", "falcon", "squid"), 2) val d = c.keyBy(.length)
operation 1
Write a correct code snippet for operationl which will produce desired output, shown below.
Array[(lnt, String)] = Array((4,lion))
Answer:
Explanation:
See the explanation for Step by Step Solution and configuration.
Explanation:
Solution :
b.subtractByKey(d).collect
subtractByKey [Pair] : Very similar to subtract, but instead of supplying a function, the key- component of each pair will be automatically used as criterion for removing items from the first RDD.
NEW QUESTION: 3
Cindy Hatcher, CFA, has spent the last ten years as a portfolio manager with Bernhardt Capital. While working for Bernhardt, Hatcher was responsible for maintaining and improving the company's code of ethics and guidelines for ethical money management. As a result of Hatcher's efforts, Bernhardt saw a dramatic decline in the number of complaints received from their individual and institutional customers.
One of Bernhardt's direct competitors, Smith Investments, is keenly aware of Hatcher's reputation for ethical business practices and has offered her a job as their compliance officer. Hatcher has been apprised of several potential ethical problems at Smith that she will be directly responsible for fixing through implementation of policies and procedures that will prevent ethical dilemmas. The management at Smith is willing to grant Hatcher the authority to construct and implement policies to eliminate the ethical problems at the company.
Hatcher agrees to accept the position with Smith and resigns from employment with Bernhardt. As her first initiative with the company, Hatcher distributes to all employees at Smith a survey intended to acquaint her with the company's common business practices. Her goal is to identify those factors that are most likely to interfere with Smith's compliance with the CFA Institute's Code of Ethics and Standards of Practice. After collecting and analyzing the anonymous responses to the survey, Hatcher has identified the following four issues as the most frequently cited questionable business practices:
1. Many Smith employees have relatives who are clients of the firm. For relatives* accounts where the Smith employee does not have beneficial ownership, trades are generally executed in conjunction with trades for other discretionary accounts held at the firm. Only in accounts where the Smith employee has beneficial ownership are trades delayed until all discretionary account trading is completed.
2. Many of Smith's employees either personally own or maintain, through a family member, beneficial ownership of stocks that are also held in accounts for many of the firm's clients. While the company maintains a strict disclosure policy to the firm of such beneficial ownership and an "at will" disclosure policy to its clients, employees are not barred from trading these securities for their personal benefit even if their clients also own or have a direct or indirect financial interest in the same securities.
3. Account managers meet weekly to discuss the issues and concerns of the client portfolios managed at the firm. During the meetings it is not unusual for individual clients to be identified and discussed.
Information regarding the client's holdings and investment strategy is discussed as well as persona! needs related to the client's portfolio. The meetings are held in order to provide guidance and continuing education to all of the firm's account managers.
4. At the suggestion of fixed-income analysts at the firm, most of the portfolio managers working for Smith have been adding B-rated corporate fixed-income securities to their portfolios. Analysts originally made (and continue to make) the suggestion due to the attractive yield potential offered by this class of investments. Smith's portfolio managers were thrilled with the idea since the returns on many of the portfolios' equity positions have been stifled by high profile accounting scandals.
Management at Smith Investments has been pleased with Hatcher's efforts so far but is concerned about the firm's ability to maintain compliance with the CFA Institute's Global Investment Performance Standards (GIPS®). The managing director of the firm, Erich Prince, has made the following comments to Hatcher:
"I am concerned that we will not be able to claim compliance with GIPS at the end of the year since our new information system has inhibited our ability to include terminated portfolios in the historical record up to the last full measurement period before they were terminated. Also, we are unable to regroup portfolios that utilize hedging into separate composites from those that do not utilize hedging. These portfolios are currently grouped according to traditional value and growth strategies based on the capitalization of portfolio holdings (i.e., large vs. small)." Hatcher eases Prince's mind by telling him she will "ensure full compliance with GIPS by the end of the quarter." Which of the following best describes a policy that Hatcher could implement to eliminate violations of the CFA Institute Code and Standards in conjunction with trades placed for relatives of the employees of Smith Investments?
A. No new policy is necessary since the current policy doesn't violate the Code and Standards.
B. Restrict trades on relatives' accounts until all other trades have been placed for Smith's other clients.
C. Implement a policy prohibiting trades in accounts belonging to relatives of Smith employees.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Standard VT(B) pertains to the priority of transactions. It states that all client accounts should be treated equitably so that no account is disadvantaged. If the family member accounts are client accounts and the account manager has no beneficial ownership of the account, then trades for the family members account must be treated like all other trades for non-family member accounts. There is no indication that any disadvantage or special treatment is being given to family member accounts and therefore no action is required and no violation has occurred. (Study Session 1, LOS 2.a)
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