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Exam Code: L5M4
Exam Name: Advanced Contract & Financial Management
Vendor: CIPS

60 Questions & Answers
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NEW QUESTION: 1
Name the type of fee charged by a fund when it is sold if is held for less than a specified time period?
A. low-load
B. commissions
C. deferred sales load
D. no-load
E. 12b-1
F. management fees
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Also known as back-end charges when the fund is sold as opposed to front-end charges when the fund is purchased.

NEW QUESTION: 2
What happens on a Cisco switch that runs Cisco IOS when an RSTP-configured switch receives 802.1d
BPDU?
A. 802.1d understands RSTP BPDUs because they are the same version, but when a RSTP switch
receives a 802.1d BPDU, it responds with a 802.1d BPDU and eventually the two switches run 802.1d
to communicate.
B. 802.1d does not understand RSTP BPDUs because they are different versions, but when a RSTP
switch receives a 802.1d BPDU, it does not respond with a 802.1d BPDU.
C. 802.1d does not understand RSTP BPDUs because they are different versions, but when a RSTP
switch receives an 802.1d BPDU, it responds with an 802.1d BPDU and eventually the two switches
run 802.1d to communicate.
D. 802.1d understands RSTP BPDUs because they are the same version, but when a RSTP switch
receives a 802.1d BPDU, it does not respond with a 802.1d BPDU and eventually the two switches run
802.1d to communicate.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
For backward compatibility with 802.1D switches, RSTP selectively sends 802.1D configuration BPDUs
and TCN BPDUs on a per-port basis.
When a port is initialized, the migrate-delay timer is started (specifies the minimum time during which
RSTP BPDUs are sent), and RSTP BPDUs are sent. While this timer is active, the switch processes all
BPDUs received on that port and ignores the protocol type.
If the switch receives an 802.1D BPDU after the port migration-delay timer has expired, it assumes that it is
connected to an 802.1D switch and starts using only 802.1D BPDUs. However, if the RSTP switch is using
802.1D BPDUs on a port and receives an RSTP BPDU after the timer has expired, it restarts the timer and
starts using RSTP BPDUs on that port.
Reference: http://www.cisco.com/c/en/us/td/docs/switches/lan/catalyst6500/ios/12-2SX/configuration/
guide/book/spantree.html

NEW QUESTION: 3
What is the difference between the OCSP (Online Certificate Status Protocol) and a Certificate Revocation List (CRL)?
A. The OCSP (Online Certificate Status Protocol) is used only by Active Directory and a Certificate Revocation List (CRL) is used by Certificate Authorites
B. The OCSP (Online Certificate Status Protocol) is a propietary certifcate mechanism developed by Microsoft and a Certificate Revocation List (CRL) is an open standard.
C. The OCSP (Online Certificate Status Protocol) is a way to check the attributes of a certificate and a Certificate Revocation List (CRL) is used by Certificate Authorites.
D. The OCSP (Online Certificate Status Protocol) provides real-time certificate checks and a Certificate Revocation List (CRL) has a delay in the updates.
Answer: D
Explanation:
A Certificate Revocation List (CRL) is periodically update by a Certificate Authortity (CA), where there may be a delay from the time a certificate has been revoked versus the time it
propgates into the Certificate Revocation List (CRL).
The CA can revoke certificates and provide an update service to the other members of the PKI via
a certificate revocation list (CRL), which is a list of non-valid certificates that should not be
accepted by any member of the PKI. The use of public key (asymmetric) cryptography has
enabled more effective use of symmetric cryptography as well as several other important features,
such as greater access control, nonrepudiation, and digital signatures.
In transactions where there is a need for real-time checks, the Online Certificate Status Protocol
can be used which can obtain the revocation status in a more timely fashion.
From RFC 2560
In lieu of or as a supplement to checking against a periodic CRL, it may be necessary to obtain
timely information regarding the revocation status of a certificate (cf. [RFC2459], Section 3.3).
Examples include high-value funds transfer or large stock trades.
The Online Certificate Status Protocol (OCSP) enables applications to determine the (revocation)
state of an identified certificate. OCSP may be used to satisfy some of the operational
requirements of providing more timely revocation information than is possible with CRLs and may
also be used to obtain additional status information. An OCSP client issues a status request to an
OCSP responder and suspends acceptance of the certificate in question until the responder
provides a response.
This protocol specifies the data that needs to be exchanged between an application checking the
status of a certificate and the server providing that status.
The following answers are incorrect:
-
The OCSP (Online Certificate Status Protocol) is a propietary certifcate mechanism developed by Microsoft and a Certificate Revocation List (CRL) is an open standard.
-
The OCSP (Online Certificate Status Protocol) is used only by Active Directory and a Certificate Revocation List (CRL) is used by Certificate Authorites.
-
The OCSP (Online Certificate Status Protocol) is a way to check the attributes of a certificate and a Certificate Revocation List (CRL) is used by Certificate Authorites.
The following reference(s) were/was used to create this question:
Schneiter, Andrew (2013-04-15). Official (ISC)2 Guide to the CISSP CBK, Third Edition :
Cryptography (Kindle Locations 2256-2259). . Kindle Edition.
http://www.ietf.org/rfc/rfc2560.txt
http://technet.microsoft.com/en-us/library/cc731027(v=ws.10)
http://www.networkworld.com/reviews/2004/0809revside.html


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