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NEW QUESTION: 1
You are developing an ASP.NET MVC application to be used on the Internet. The environment does not use Active Directory.
Users must be able to log on to the application to maintain their personal preferences.
You need to use the least amount of development effort to enable users to log on.
What should you do?
A. Generate server SSL certificates and install them in IIS.
B. Enable Forms authentication.
C. Enable Windows authentication.
D. Enable Digest authentication.
Answer: B
Explanation:
Many Web applications require a way to restrict access to some resources (such as specific pages) so that those resources are accessible only to authenticated users. The default Web application project template for ASP.NET MVC provides a controller, data models, and views that you can use to add ASP.NET forms authentication to your application. The built-in functionality lets users register, log on and off, and change their password. For many applications, this functionality provides a sufficient level of user authentication.
Incorrect:
Not B: Windows authentication would require an Active Directory.
Windows authentication method works only if the following two conditions exist:
/ You set up your network to use the Kerberos authentication protocol that requires Active Directory.
/ You set up the computers and accounts on your network as trusted for delegation.
References: https://msdn.microsoft.com/en-us/library/ff398049(VS.98).aspx

NEW QUESTION: 2
To upgrade a system from Oracle Solaris 10 to Oracle Solaris 11, it is necessary to________.
A. use IPS to replace the Oracle Solaris 10 kernel with the Oracle Solaris 11 kernel
B. use IPS and Live Upgrade to install all updated software
C. save user data and perform a new Oracle Solaris 11 install; there is no upgrade method
D. convert all Oracle Solaris 10 packages to Oracle Solaris 11 packages using IPS
E. update Oracle Solaris 10 from an Oracle Solaris 11 repository
Answer: C
Explanation:
Explanation/Reference:
There are no upgrade methods or tools available to transition from Oracle Solaris 10 to Oracle Solaris 11.
You cannot use an installer to upgrade from Oracle Solaris 10 to Oracle Solaris 11.
Oracle Solaris 11 Transition Tools and Features
Note:
* There are no upgrade methods or tools available to transition from Oracle Solaris 10 to Oracle Solaris 11.
You cannot use an installer to upgrade from Oracle Solaris 10 to Oracle Solaris 11.
/JumpStart Migration Utility (js2ai)
Used to convert Oracle Solaris 10 JumpStart rules and profiles to a format that is compatible with AI manifest entries.
/ZFS shadow migration feature
Used to migrate data from an existing file system to a new file system.
/Oracle Solaris 11 support for Oracle Solaris 10 zones
Used to migrate your Oracle Solaris 10 application environments to an Oracle Solaris 11 system.
/NFS file sharing and pool migration
Used to access shared files from an Oracle Solaris 10 system on an Oracle Solaris 11 system.
Used to import a ZFS storage pool from an Oracle Solaris 10 system into an Oracle Solaris 11 system.
Reference: Oracle Solaris 11 Information Library, Transitioning Your Oracle Solaris 10 System to Oracle Solaris 11

NEW QUESTION: 3
Tamara Ogle, CFA, and Isaac Segovia, CAIA, are portfolio managers for Luca's Investment Management (Luca's). Ogle and Segovia both manage large institutional investment portfolios for Luca's and are researching portfolio optimization strategies.
Ogle and Segovia begin by researching the merits of active versus passive portfolio management. Ogle advocates a passive approach, pointing out that on a risk-adjusted basis, most managers cannot beat a passive index strategy. Segovia points out that there will always be a need for active portfolio managers because as prices deviate from fair value, active managers will bring prices back into equilibrium. They determine that Treynor-Black models permit active management within the context of normally efficient markets.
Ogle decides to implement Treynor-Black models in her practice and starts the implementation process. In conversations with her largest client's risk manager, Jim King, FRM, she is asked about separation theorem in relation to active portfolio management. She responds that separation theorem more properly relates to asset prices deviating from and gravitating toward their theoretical fair price. King next asks Ogle about the differences between the Sharpe ratio and the information ratio and the difference between the security market line (SML) and the capital market line (CML).
After reallocating her client portfolios based on using the Treynor-Black model, Ogle discusses the results with Segovia. Ogle states that she is satisfied with the current methodology, but given her preference for passive management, she is still concerned about relying on analyst's forecasts. Segovia tells Ogle that he will research methods for modifying the Treynor-Black model to account for analyst forecasts.
Modifying a Treynor-Black model to account for a lack of precision in an analyst's forecast is most likely to include:
A. adjusting the Treynor-Black actively managed portfolio weights using the square of the correlation between the analyst's forecast and realized alphas.
B. a correction to the analyst's forecast of alphas based on their prior bias.
C. reducing portfolio weights by the reciprocal of the analyst's average alpha forecast error as a percentage of expected excess returns.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
An analyst's forecasting ability can be judged based on past performance. The Treynor-Black weightings within actively managed portfolios can be adjusted based on an analyst's prior forecasting ability. The process is to:
* Collect the time-series alpha forecasts for the analyst.
* Calculate the correlation between the alpha forecasts and the realized alphas.
* Square the correlation to derive the .
* Adjust (shrink) a forecast alpha by multiplying it by the analysts .
(Study Session 18, LOS 67.c)