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NEW QUESTION: 1
Maxime Rivela, CFA, is interviewing for a portfolio manager position with a medium-sized investment firm.
At the interview, the hiring manager provides the following list of actions taken by the former portfolio manager. The hiring manager asks Rivela to identify which action most likely was the reason that the previous portfolio manager was asked to resign. The former portfolio manager likely:
A. managed a 40 year old attorney's portfolio with a strategy of a long time horizon and moderate risk.
B. set the objectives for a well-funded, local private college's endowment fund as total return focused primarily in long-term, taxable investments.
C. focused on timing and security selection when constructing a client investment strategy.
D. used the following four-step portfolio management process - write a policy statement, develop the investment strategy, implement the plan, and monitor and update (rebalance) as needed.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Even though these two investment decisions (timing and individual security selection) add value to the portfolio, the real foundation of returns comes from the original asset allocation policy decisions (determining allowable asset classes and weighting these classes). Empirical studies have shown that 85 percent to 95 percent of a portfolio's total return comes from the asset allocation policy decision.
The other choices describe appropriate actions. The 40 year old attorney is most likely in the consolidation phase of the investing life cycle, and a long time horizon and moderate risk strategy are appropriate. The steps in the four-step portfolio management process are correct and are listed in the correct order. The objective and investments for the endowment fund appear appropriate given the information in the question. Since endowments are tax-exempt, it would not necessarily benefit from tax-exempt securities.

NEW QUESTION: 2
The Intel@ Server Board S2600WT has two Front Panel headers through which front panel signals can be routed.Which of the following documents would an Intel@ Server Specialist use to identify the headers used in a particular chassis?
A. The Quick Start Guide
B. The Spare Parts and Configuration Guide
C. The Technical Product Specification
D. The Service Guide
Answer: D

NEW QUESTION: 3
Which two statements are true regarding B-tree index? (Choose two.)
A. The rows with NULL value in key columns also have entries in the index.
B. The leaf node stores a bitmap for each key value.
C. The leaf blocks in the index are doubly linked.
D. The deletion of a row from the table causes a logical deletion in index leaf block and the space becomes available for the new leaf entry.
Answer: C,D
Explanation:
B-Tree Index Structure of a B-tree Index
At the top of the index is the root, which contains entries that point to the next level in the index. At the next level are branch blocks, which in turn point to blocks at the next level in the index. At the lowest level are the leaf nodes, which contain the index entries that point to rows in the table. The leaf blocks are doubly linked to facilitate the scanning of the index in an ascending as well as descending order of key values.
Format of Index Leaf Entries
An index entry has the following components:
Entry header: Stores the number of columns and locking information
Key column length-value pairs: Define the size of a column in the key followed by the value for the column (The number of such pairs is the maximum of the number of columns in the index.)
ROWID: Row ID of a row that contains the key values
B-Tree Index (continued)
Index Leaf Entry Characteristics
In a B-tree index on a nonpartitioned table:
Key values are repeated if there are multiple rows that have the same key value unless the index is compressed
There is no index entry corresponding to a row that has all key columns that are NULL. Therefore, a WHERE clause specifying NULL always results in a full table scan.
A restricted ROWID is used to point to the rows of the table because all rows belong to the same segment
Effect of DML Operations on an Index
The Oracle server maintains all the indexes when DML operations are carried out on a table. Here is an explanation of the effect of a DML command on an index:
Insert operations result in the insertion of an index entry in the appropriate block.
Deleting a row results only in a logical deletion of the index entry. The space used by the deleted row is available for new sequential leaf entries.
Updates to the key columns result in a logical delete and an insert to the index. The PCTFREE setting has no effect on the index except at the time of creation. A new entry may be added to an index block even if it has less space than that specified by PCTFREE.

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Types of Indexes
These are several types of index structures that are available depending on your needs. Two of the most common are:
B-tree index
-Default index type; in the form of a balanced tree
Bitmap index:
-Has a bitmap for each distinct value indexed
-Each bit position represents a row that may or may not contain the indexed value.
-Best for low-cardinality columns

NEW QUESTION: 4

A. Option A
B. Option D
C. Option B
D. Option C
Answer: B
Explanation: