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NEW QUESTION: 1

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

NEW QUESTION: 2
Martin Hagemann, CFA, works for a large brokerage firm in Frankfurt, Germany. Hagemann has been hired by Tryssen AG, a global research-based company that is preparing to go public after a long history of operating privately. The need to raise substantial amounts of capital to fund research and development activities is seen as the key motivation for the change in policy. Tryssen is engaged in the discovery, development, manufacture, marketing, and sale of medical products.
Hagemann's first task is to recommend an exchange upon which Tryssen stock can be traded. One possibility is the Deutsche Bourse. The Deutsche Bourse operates primarily as a continuous order-driven system. Another alternative that Tryssen is considering is to list on a different exchange that operates as a price-driven system.
As an alternative, Tryssen may choose to list as an American Depository Receipt (ADR). ADRs are negotiable U.S. securities that usually represent a non-U.S. based company's publicly traded equity.
Although typically denominated in U.S. dollars, depository receipts can also be denominated in euros.
Depository receipts can be eligible to trade on all U.S. stock exchanges as well as on many European stock exchanges.
The increasing demand for depository receipts is driven by the desire of individual and institutional investors to diversify their portfolios, reduce risk and invest internationally in the most efficient manner possible. While most investors recognize the benefits of global diversification, there are many challenges presented when investing directly in local trading markets. Obstacles can include inefficient trade settlements, uncertain custody services, and costly currency conversions. Depository receipts overcome many of the inherent operational and custodial hurdles inherent in international investing. Tryssen has decided to access the U.S. market by involving itself in an ADR program. Tryssen has decided to save itself a lot of trouble, however, by not complying with SEC registration and reporting requirements.
As an alternative to ADRs, investors interested in increasing their exposure to international investments can choose to acquire exchange traded funds (ETFs). Hagemann researches the advantages and disadvantages of ETFs.
Execution costs are always a concern, and perhaps even more so for international investors. At the present time, Tryssen AG is most concerned with how reliably it can estimate trading costs. As part of the cost estimation process, Hagemann is asked to provide a report on the advantages and disadvantages of techniques used to reduce execution costs.
Trysse AG proceeds to list on the Frankfurt exchange, and a U.S. affiliate of Hagemann's company starts to aggressively promote the stock. A U.S. investor buys 200 shares of Tryssen at a price of €20 per share.
At time of purchase, the exchange rate is €1 = $1.15. One month later Tryssen pays a dividend of €0.25 per share, and investors are subject to a withholding tax of 20%. The U.S. investor is eligible to claim a tax credit of $0.06 per share. At the time the dividend was paid, the shares had jumped to €24 each and the
U.S. dollar had weakened to €1 = $ 1.20. The shares were sold just after the dividend was paid.
Which of the following best describes a comparative advantage of a price-driven system over an order- driven system?
A. Price-driven trading is less costly to administer.
B. In a price-driven system, the dealer receives a free option when a firm quote is posted.
C. Price-driven systems generally provide better liquidity for large block trades.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
It is generally difficult to execute block trades on order-driven systems due to the lack of depth in the market. Order-driven systems do tend to be less costly to operate, however. There is no central order book in a price-driven system; instead, dealers post bid-ask quotes. Finally, in a price-driven system, the dealer provides rather than receives a free option when a firm quote is posted. (Study Session 10, LOS 34.b)

NEW QUESTION: 3
Hotspot Question
Match each technology to its description.


Answer:
Explanation:

http://h71000.www7.hp.com/doc/83final/b9073_90111/apas13.html
The LPMC monitor, within the Support Tools Manager (STM) diagnostics, generates Information events for all cache errors that are detected. After three errors (Threshold) have been detected on a processor in 1440 minutes, or a 24-hour period of time (Period), the monitor deactivates that particular processor, marks it for deconfiguration on the next system reboot, and generates a SERIOUS event. After the failed processor is deactivated, the LPMC monitor attempts to activate one of the inactive Instant Capacity processors, if any are available. This method ensures the processing power of the system is unchanged.
A default value of "three" is assigned to Threshold, except for the PCX-W+ family of processors, which has a value of "five" assigned. The default value assigned to a Period is 1440 minutes, or 24 hours, in all possible processor configurations.
An inactive processor under warranty or support automatically replaces a failed processor. HP also services and replaces any failed processor.
http://www.techrepublic.com/whitepapers/mca-error-recovery-hp-ux-feature-for-recovering-frommachinecheck-aborts/354967
HP Integrity servers provide superior reliability and availability. Nevertheless, even the best of computers can occasionally experience hardware problems that lead to unplanned downtime. Some of these problems are caused by transient events such as an alpha particle strike on memory, cache, or a processor data structure.
Intel Itanium-based servers support an advanced architecture that allows the system to contain, correct, and signal machine check errors. Many of these errors are corrected by the platform without operating system intervention. When the platform cannot correct an error, it will be handed off to the operating system. To further enhance the superior reliability of HP Integrity servers, the HP-UX MCA Error Recovery feature adds the ability to recover from some of these Machine Check Aborts (MCAs).
http://dl.acm.org/citation.cfm?id=1057740
Soft errors are functional failures resulting from the latching of single-event transients (transient voltage fluctuations at a logic node or SETs) caused by high-energy particle strikes or electrical noise. Due to technology scaling and reduced supply voltages, they are expected to increase by several orders of magnitude in logic circuits. Both combinational and sequential logic circuits are expected to be affected. Many different latch designs to prevent soft errors due to particle strikes on the latch nodes have been proposed. We review these designs and compare them based on their robustness and their power and performance overheads. We also propose new latch designs, the best of which is vulnerable only to a single-event, multiple-upset without any delay overhead and consumes only 40% power of a standard latch. We expect this work will help
designers to select latches for applications where soft error is an important design metric.
http://en.wikipedia.org/wiki/Montecito_(processor)
Advanced compensation for errors in cache, for reliable operation under mission-critical workloads. This was code-named Pellston technology during development, and has recently been renamed Intel Cache Safe Technology

NEW QUESTION: 4
Ein Benutzer ist häufig mit einem Windows-Laptop unterwegs und stellt eine Verbindung zu mehreren drahtlosen Netzwerken her. An einem neuen Standort meldet der Benutzer, dass die lokal freigegebenen Drucker für die drahtlose Verbindung nicht verfügbar sind. Welche der folgenden Ursachen würde das Problem verursachen?
A. Das Standortprofil ist auf öffentlich eingestellt.
B. Arbeitsgruppe ist deaktiviert.
C. Die Remoteunterstützung ist nicht konfiguriert.
D. Die Proxy-Einstellungen sind falsch konfiguriert.
Answer: A