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NEW QUESTION: 1
Chester Brothers, LLC, is an investment management firm with $200 million in assets under management.
Chester's equity style is described to clients as a "large cap core" strategy. One year ago, Chester instituted a new compensation plan for its equity portfolio managers. Under this new plan, each portfolio manager receives an annual bonus based upon that manager's quarterly performance relative to the S&P
500 index. For each quarter of aut-performance, the manager receives a bonus in the amount of 20% of his regular annual compensation. Chester has not disclosed this new plan to clients. Portfolio managers at Chester are not bound by non-compete agreements.
Fames Rogers, CFA, and Karen Pierce, CFA, are both portfolio managers affected by the new policy.
Rogers out-performed the S&P 500 index in each of the last three quarters, largely because he began investing his clients1 funds in small cap securities. Chester has recently been citing Rogers's performance in local media advertising, including claims that "Chester's star manager, James Rogers, has outperformed the S&P 500 index in each of the last three quarters." The print advertising associated with the media campaign includes a photograph of Rogers, identifying him as James Rogers, CFA. Below his name is a quote apparently attributable to Rogers saying "as a CFA chartcrholdcr I am committed to the highest ethical standards." A few weeks after the advertising campaign began, Rogers was approached by the Grumpp Foundation, a local charitable endowment with $3 billion in assets, about serving on their investment advisory committee.
The committee meets weekly to review the portfolio and make adjustments as needed. The Grumpp trustees were impressed by the favorable mention of Rogers in the marketing campaign. In making their offer, they even suggested that Rogers could mention his position on the advisory committee in future Chester marketing material. Rogers has not informed Chester about the Grumpp offer, but he has not yet accepted the position.
Pierce has not fared as well as Rogers. She also shifted into smaller cap securities, but due to two extremely poor performing large cap stocks, her performance lagged the S&P 500 index for the first three quarters. After an angry confrontation with her supervisor, Pierce resigned. Pierce did not take any client information with her, but when she left she did take a copy of a Pierce has not fared as well as Rogers.
She also shifted into smaller cap securities, but due to two extremely poor performing large cap stocks, her performance lagged the S&P 500 index for the first three quarters. After an angry confrontation with her supervisor, Pierce resigned. Pierce did not take any client information with her, but when she left she did take a copy of a computer model she developed while working al Chester, as well as the most recent list of her buy recommendations, which was created from the output of her computer valuation model. Pierce soon accepted a position at a competing firm, Cheeri Group. On her first day at Cheeri, she contacted each of her five largest former clients, informing them of her new employment and asking that they consider moving their accounts from Chester to Cheeri. During both telephone conversations and e-mails with her former clients, Pierce mentioned that Chester had a new compensation program that created incentives for managers to shift into smaller cap securities.
Cheeri has posted Pierce's investment performance for the past five years on its Web site, excluding the three most recent quarters. The footnotes to the performance information include the following two statements:
Statement 1: Includes large capitalization portfolios only.
Statement 2: Results reflect manager's performance at previous employer.
Cheeri's presentation of Pierce's investment performance is inconsistent with CFA Institute Standards because:
A. the results misrepresent Pierce's large cap performance.
B. performance from a previous employer should not be included.
C. the results were not calculated under GIPS.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Standard III (D). The problem is that Pierces performance over the last three quarters arose from large cap securities, not small cap securities. Excluding these results misrepresents her ability as a large cap manager. The Standards do not require compliance with GIPS, nor do they require that previous employer results be excluded. Stating results of a specific style, such as large cap, is acceptable if it is accurate.
(Study Session l, LOS2.a)

NEW QUESTION: 2

A. Option A
B. Option D
C. Option B
D. Option C
Answer: D
Explanation:
Stackdriver Logging allows you to store, search, analyze, monitor, and alert on log data and events from Google Cloud Platform and Amazon Web Services (AWS). Our API also allows ingestion of any custom log data from any source. Stackdriver Logging is a fully managed service that performs at scale and can ingest application and system log data from thousands of VMs.
Even better, you can analyze all that log data in real time.
References: https://cloud.google.com/logging/

NEW QUESTION: 3
You are designing an application by using Microsoft .NET Framework 4 and Microsoft Visual Studio 2010.
The application includes Windows Workflow Foundation (WF) hosts that run thousands of workflow instances. Workflows usually take 2 hours of time to complete. The application also includes a Windows Communication Foundation (WCF) service that contains a method to check the completion status of a workflow stored in a database.
External applications that use the WCF service to check the status of workflows every minute causes performance degradation of the workflow that hosts the application.
You need to eliminate the performance degradation caused by workflow status checks.
What should you do?
A. Cache the status of the workflow. * Assign a callback function based on a SqlDependencyobject. * Reload the cache in the callback function.
B. Create a status checking workflow. * Return the status of the original workflow to the external application in 30 minute intervals.
C. Cache the status of the workflow. * Set the expiry time of the Cache object to 30 minutes.
D. Create a status checking workflow. * Return the status of the original workflow to the external application after 10 requests have been made.
Answer: A
Explanation:
Correct A With this you avoid that the WEB service query the DB and guarantee that the cache is always with updated information because the SqlDependentObject advice to reload the information when the DB change.

NEW QUESTION: 4
Identify Risks is the process of determining which risks may affect the project. Which of the following are inputs of the Identify risks process?
A. Scope baseline
B. Project documents
C. Risk management plan
D. Risk register
Answer: A,B,C
Explanation:
Explanation/Reference:
Explanation:
Answer options A, D, and C are correct.
Identify risks is one of the five processes related to the risks in a project. In this process, those risks are determined that may affect the project. In this process, the characteristics of these identified risks are documented.
Inputs
There are eleven inputs in the Identify risks process:
Risk management plan

Activity cost estimates

Activity duration estimates

Scope baseline

Stakeholder register

Cost management plan

Schedule management plan

Quality management plan

Project documents

Enterprise environmental factors

Organizational process assets

Outputs
The risk identification process covers the total scope of a project and produces only one output, the risk register.
Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth edition" Chapter: Quality and Risk Management Objective: Risk Identification and Assessment