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NEW QUESTION: 1
Your network contains an on-premises Active Directory domain named contoso.com. The domain contains the users shown in the following table.
You plan to install Azure AD Connect and enable SSO.
You need to specify which user to use to enable SSO. The solution must use the principle of least privilege.
Which user should you specify?
A. User3
B. User1
C. User2
D. User4
Answer: C
NEW QUESTION: 2
Geneva Management (GenM) selects long-only and long-short portfolio managers to develop asset allocation recommendations for their institutional clients.
GenM Advisor Marcus Reinhart recently examined the holdings of one of GenM's long-only portfolios actively managed by Jamison Kiley. Reinhart compiled the holdings for two consecutive non-overlapping five year periods. The Morningstar Style Boxes for the two periods for Kiley's portfolio are provided in Exhibits 1 and 2.
Exhibit 1: Morningstar Style Box: Long-Only Manager for Five-Year Period 1
Exhibit 2: Morningstar Style Box: Long-Only Manager for Five-Year Period 2
Reinhart contends that the holdings-based analysis might be flawed because Kiley's portfolio holdings are known only at the end of each quarter. Portfolio holdings at the end of the reporting period might misrepresent the portfolio's average composition. To compliment his holdings-based analysis, Reinhart also conducts a returns-based style analysis on Kiley's portfolio. Reinhart selects four benchmarks:
1. SCV: a small-cap value index.
2. SCG: a small-cap growth index.
3. LCV: a large-cap value index.
4. LCG: a large-cap growth index.
Using the benchmarks, Reinhart obtains the following regression results:
Period 1: Rp = 0.02 + H0.01(SCV) + 0.02(SCG) + 0.36(LCV) + 0.61(LCG)
Period 2: Rp = 0.02 + 0.01(SCV) + 0.02(SCG) + 0.60(LCV) + 0.38(LCG)
Kiley's long-only portfolio is benchmarked against the S&P 500 Index. The Index's current sector allocations are shown in Exhibit 3.
Exhibit 3: S&P 500 Index Sector Allocations
GenM strives to select managers whose correlation between forecast alphas and realized alphas has been fairly high, and to allocate funds across managers in order to achieve alpha and beta separation. GenM gives Reinhart a mandate to pursue a core-satellite strategy with a small number of satellites each focusing on a relatively few number of securities.
In response to the core-satellite mandate, Reinhart explains that a Completeness Fund approach offers two advantages:
Advantage 1: The Completeness Fund approach is designed to capture the stock selecting ability of the active manager, while matching the overall portfolio's risk to its benchmark.
Advantage 2: The Completeness Fund approach allows the Fund to fully capture the value added from active managers by eliminating misfit risk.
Assuming no material change in the forecasting ability of GenM's managers and considering the core- satellite mandate faced by Reinhart, which of the following statements is correct?
A. The GenM information ratio will be relatively low.
B. The GenM investor breadth will be relatively low.
C. The GenM information coefficient will be relatively low.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The information coefficient (IC) measures manager skill. The information coefficient will be high, because the correlation between alpha forecasts and alpha reali2ations is expected to remain high. The investor breadth (IB) measures the number of independent investment decisions made within the investor's portfolio. The investor breadth will be low, because GenM employs a small number of active managers (the satellites managers), who, in turn, are mandated to consider only a small number of securities. The Information ratio = IC x (IB)1/2. The information ratio could be higher or lower, depending on the level reached for each of the variables. (Study Session 11, LOS33.p)
NEW QUESTION: 3
In the photovoltaic engineering project, the handling, storage, installation and commissioning process of Huawei inverters must be carried out in strict accordance with the specifications to avoid equipment damage or personnel damage. The following statement which is correct? (Multiple choice)
A. After the inverter is turned off, there is still residual power and residual heat in the chassis, which may cause electric shock or burns. Therefore, please operate the inverter after the inverter is turned off for 5 minutes.
B. During the process of transporting or storing the inverter on site, the power cable interface and signal cable interface at the bottom of the inverter cannot be loaded. Do not directly connect the terminal to the ground. The inverter must be placed horizontally.
C. The project storage and installation of the inverter must ensure the surrounding environment is safe and away from the surrounding flammable and explosive environment.
D. To prevent dust from entering the human respiratory tract or falling into the eye during the installation of the inverter, the operator should wear protective glasses and dust masks.
Answer: A,B,C,D
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