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NEW QUESTION: 1
What are the two primary MDA viewpoint models? (Choose TWO.)
A. platform specific models
B. platform independent models
C. platform models
D. implementation models
Answer: A,B
NEW QUESTION: 2
Services A, B, and C are non-agnostic task services. Service A and Service B use the
same shared state database to defer their state data at runtime.
An assessment of these three services reveals that each contains some agnostic logic, but
because it is bundled together with the non-agnostic logic, the agnostic logic cannot be
made available for reuse.
The assessment also determines that because Service A and Service B and the shared
state database are each located in physically separate environments, the remote
communication required for Service A and Service B to interact with the shared state
database is causing an unreasonable decrease in runtime performance.
How can the application of the Orchestration pattern improve this architecture?
A. The application of the Orchestration pattern will result in an environment whereby the
Compensating Service Transaction is naturally applied, resulting in the opportunity to
create sophisticated exception logic that can be used to compensate for the performance
problems caused by Services A and B having to remotely access the state database. The
Process Abstraction and Service Broker patterns are also naturally applied, enabling the
separation of non-agnostic logic and agnostic logic while providing common transformation
functions required to overcome any disparity in the service contracts that will need to be
created for the new agnostic services.
B. None of the above.
C. The application of the Orchestration pattern will result in an environment whereby the
State Repository and Service Data Replication patterns are naturally applied, allowing the
shared state database to be replicated for Services A and B so that each task service can
have its own dedicated state database. The Process Centralization pattern can also be
applied to Services A and B, so that their logic is physically centralized, turning them into
orchestrated task services.
D. The application of the Orchestration pattern will result in an environment whereby the
Process Abstraction and Process Centralization patterns are naturally applied to Services
A, B, and C, resulting in a clean separation of non-agnostic task services from newly
designed agnostic services with reuse potential. Also, the State Repository pattern can be
applied by the availability of a central state database that can be shared by Services A and
E. This database can be made available as a local part of the environment so that Services
A and B can avoid remote communication.
Answer: D,E
NEW QUESTION: 3
CORRECT TEXT
Which mount option must be used in the example /etc/fstab entry below, to ensure that a specific filesystem is not mounted when the system is booted?
/dev/had/media/cdromiso9660___________,ro00
Answer:
Explanation:
noauto
Explanation:
There are auto and noauto options, auto option is used to mount the filesystem when system is booted automatically and to not mount use the noauto option.
NEW QUESTION: 4
Cindy Hatcher, CFA, has spent the last ten years as a portfolio manager with Bernhardt Capital. While working for Bernhardt, Hatcher was responsible for maintaining and improving the company's code of ethics and guidelines for ethical money management. As a result of Hatcher's efforts, Bernhardt saw a dramatic decline in the number of complaints received from their individual and institutional customers.
One of Bernhardt's direct competitors, Smith Investments, is keenly aware of Hatcher's reputation for ethical business practices and has offered her a job as their compliance officer. Hatcher has been apprised of several potential ethical problems at Smith that she will be directly responsible for fixing through implementation of policies and procedures that will prevent ethical dilemmas. The management at Smith is willing to grant Hatcher the authority to construct and implement policies to eliminate the ethical problems at the company.
Hatcher agrees to accept the position with Smith and resigns from employment with Bernhardt. As her first initiative with the company, Hatcher distributes to all employees at Smith a survey intended to acquaint her with the company's common business practices. Her goal is to identify those factors that are most likely to interfere with Smith's compliance with the CFA Institute's Code of Ethics and Standards of Practice. After collecting and analyzing the anonymous responses to the survey, Hatcher has identified the following four issues as the most frequently cited questionable business practices:
1. Many Smith employees have relatives who are clients of the firm. For relatives* accounts where the Smith employee does not have beneficial ownership, trades are generally executed in conjunction with trades for other discretionary accounts held at the firm. Only in accounts where the Smith employee has beneficial ownership are trades delayed until all discretionary account trading is completed.
2. Many of Smith's employees either personally own or maintain, through a family member, beneficial ownership of stocks that are also held in accounts for many of the firm's clients. While the company maintains a strict disclosure policy to the firm of such beneficial ownership and an "at will" disclosure policy to its clients, employees are not barred from trading these securities for their personal benefit even if their clients also own or have a direct or indirect financial interest in the same securities.
3. Account managers meet weekly to discuss the issues and concerns of the client portfolios managed at the firm. During the meetings it is not unusual for individual clients to be identified and discussed.
Information regarding the client's holdings and investment strategy is discussed as well as persona! needs related to the client's portfolio. The meetings are held in order to provide guidance and continuing education to all of the firm's account managers.
4. At the suggestion of fixed-income analysts at the firm, most of the portfolio managers working for Smith have been adding B-rated corporate fixed-income securities to their portfolios. Analysts originally made (and continue to make) the suggestion due to the attractive yield potential offered by this class of investments. Smith's portfolio managers were thrilled with the idea since the returns on many of the portfolios' equity positions have been stifled by high profile accounting scandals.
Management at Smith Investments has been pleased with Hatcher's efforts so far but is concerned about the firm's ability to maintain compliance with the CFA Institute's Global Investment Performance Standards (GIPS®). The managing director of the firm, Erich Prince, has made the following comments to Hatcher:
"I am concerned that we will not be able to claim compliance with GIPS at the end of the year since our new information system has inhibited our ability to include terminated portfolios in the historical record up to the last full measurement period before they were terminated. Also, we are unable to regroup portfolios that utilize hedging into separate composites from those that do not utilize hedging. These portfolios are currently grouped according to traditional value and growth strategies based on the capitalization of portfolio holdings (i.e., large vs. small)." Hatcher eases Prince's mind by telling him she will "ensure full compliance with GIPS by the end of the quarter." Evaluate Martin Prince's comments about Smith's ability to maintain compliance with the Global Investment Performance Standards (GIPS). Are Prince's statements regarding terminated portfolios and hedging strategies correct or incorrect?
A. Only Prince's statement on terminated portfolios is correct.
B. Both of Prince's statements are correct and in full compliance with GIPS.
C. Only Prince's statement regarding hedging strategies is correct.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
GIPS Standard 3.A.4 requires terminated portfolios to be included in the appropriate composite up until the last full measurement period before the portfolio was terminated. The fact that Smith's new information system will inhibit the ability to account for terminated portfolios means they will be unable to fully comply with GIPS. Remember, there is no partial compliance. A firm either does or does not comply with GIPS.
Separating portfolios into composites that utilize and do not utilize hedging is a recommendation of GIPS and not a requirement. Therefore a firm can fail to separate portfolios on the basis of hedging strategies and still maintain compliance with GIPS. GIPS requires separating portfolios into composites based on investment strategy, which Smith has done (i.e., value vs. growth and large cap vs. small cap). (Study Session 1, LOS2.a)