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NEW QUESTION: 1
February 17, 2010 was the effective date for updated changes to HIPAA triggered by the Health Information Technology for Economic and Clinical Health Act (HITECH). As part of HITECH, what must providers who have clients who opt to self-pay do when those clients request the provider not inform their health care insurance provider?
A. The provider must disclose the information anyway to the heath care insurance provider
B. The provider must not disclose the information to the health care insurance provider
C. The provider has the option to not disclose the information to the health care insurance provider
D. The provider must have the client sign a waiver freeing the provider from the compulsion to report to the provider
Answer: B
Explanation:
Explanation
The provider must not disclose the information to the health care provider under the new rules. Previously, the provider's compliance with the request was optional under HIPAA guidelines.
NEW QUESTION: 2
You are developing an ASP.NET MVC application.
The application provides a RESTful API for third-party applications. This API updates the information for a contact by embedding the information in the URL of an HTTP POST.
You need to save the Contact type when third-party applications use the EditContact method.
Which code segment should you use? {Each correct answer presents a complete solution. Choose all that apply.)
A. Option C
B. Option A
C. Option D
D. Option B
Answer: A,D
Explanation:
Basics of RESTful services:
REST stands for Representational State Transfer, it is a simple stateless architecture that runs over HTTP where each unique URL is representation of some resource. There are four basic design principles which should be followed when creating RESTful service:
* Use HTTP methods (verbs) explicitly and in consistent way to interact with resources (Uniform Interface), i.e. to retrieve a resource use GET, to create a resource use POST, to update a resource use PUT/PATCH, and to remove a resource use DELETE.
Etc.
NEW QUESTION: 3
Which of the following would MOST likely be found on a docking station versus a port replicator?
A. DVD-ROM
B. USB Hub
C. PS/2 Slot
D. VGA Port
Answer: A
Explanation:
Explanation
Docking stations have DVD ROM whereas Port replicator has only ports.
NEW QUESTION: 4
Jonathan Weil, CFA, is the managing director of Weil Capital Management (WCM). Weil has decided to reevaluate the asset backed security (ABS) positions in his investors' portfolios since a recent, and severe, credit problem in the subprime lending industry has had ripple effects on other fixed-income markets. Weil expects the interest rate term structure to remain flat, but shift upward as credit terms tighten. Weil has asked one of his analysts, Vanessa Ordon, to assist him in analyzing potential ABS investments, including some products he is unfamiliar with.
Ordon provides an assessment of ABS backed by auto loans, credit card receivables, and closed end home equity loans. Ordon has assembled the following information on the collateral, credit enhancements, and prepayment risk associated with each type of ABS.
Ordon has also assembled the following information on the structure of a closed end home equity loan (HEL) asset backed security. Ordon has presented the security to Weil as a potential investment opportunity, but Weil is concerned about its default and prepayment risks. The HEL ABS does not have a shifting interest mechanism.
Ordon has also developed an assessment of mortgage backed securities (MBS). Ordon has assembled the following information related to a mortgage backed security.
Weil has decided to invest in the MBS identified by Ordon, but wants to keep the interest rate sensitivity of the investment low while gaining a substantially large option adjusted spread at a cheap price. Weil is not concerned with credit risk in this case. Which of the MBS tranches is most likely to fulfill Weil's objectives?
A. ST1.
B. PT5.
C. ST2.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Weil has stated several objectives for the MBS investment. He desires low interest rate sensitivity and a large option adjusted spread (OAS) for a cheap price. In order to have low interest rate sensitivity a tranche with a low effective duration should be chosen. A cheap price means that Weil wants the option cost of the purchased tranche to be low while the OAS is high. Option cost is defined as the z-spread minus the OAS and reflects the cost of the embedded prepayment option. Since the term structure of interest rates is flat, the z-spread and nominal spread are effectively the same. Thus, we can create the following table of OAS, option cost, and effective duration for the three choices given.
PT5 has the best OAS per unit of option cost, but has the highest effective duration. Of the tranches with a low effective duration, ST1 has the highest ratio of OAS to option cost, indicating that if is the cheapest tranche in the duration range that Weil finds acceptable. (Study Session 15, LOS 57.e,h)
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