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NEW QUESTION: 1
A system status is predefine in the system and cannot be changed.
A. Incorrect
B. Correct
Answer: B
NEW QUESTION: 2
Which of the following stock funds would you expect to be the least risky?
A. income
B. growth
C. balanced
D. value
Answer: C
Explanation:
Explanation/Reference:
Explanation: A balanced stock fund would be expected to be the least risky of the choices listed. Balanced funds have a stated policy of investing in both stocks and bonds, making them more diversified than the other choices that primarily invest in stocks.
NEW QUESTION: 3
Smirlee Montero is a fixed income analyst at a small investment firm. She has been studying the subject of
"Body Language" in order to gauge the effectiveness of reading into the dispositions of people. Based on her own empirical tests carried out over the past two years involving 64 different subjects, she has concluded that during the meetings with analysts, a senior management official is usually more excited and waves hands quite often when the information like earnings report (which is released a couple of days later) is very favorable. On the other hand, if the earnings are short of expectations, the official tends to be sober and appears more introspective. There are other body signs which she uses to evaluate possible signals about the quality of information that is pending. In a recent meeting with Chronotron, Inc.'s quarterly analyst meeting, she concluded using her technique that Chronotron's earnings are very likely much lower than projected earlier. This information was not actually released in the meeting whose main focus was on the company's plans for the next quarter. In her report, Smirlee presented a detailed analysis of the publicly available information which supported her hunch and wrote, "Based on this and certain other observations, it is my opinion that Chronotron's is not doing as well as we earlier estimated. Therefore, I would recommend selling this stock before the firm releases its earnings numbers." Smirlee has:
A. violated Standard V (A) - Prohibition against use of Material, Non-Public Information.
B. violated Standard IV (A.2) - Research Reports by failing to distinguishing between fact and opinion.
C. has not violated any Standards.
D. violated Standard IV (A.1) - Reasonable Basis and Representations by using a non-conventional and controversial technique.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
There is no evidence that in her report, Smirlee has tried to pass off an opinion as fact. While her new technique is unconventional, using it would not be a violation of Standard IV (A.1) only if used in isolation.
Since she has diligently analyzed public information on Chronotron, she cannot be accused of not having a reasonable basis for recommendation. The AIMR Standard of Ethics do not prohibit a use of new techniques but rather encourage tempering them with more orthodox analysis.
NEW QUESTION: 4
Note: This question is part of a series of questions that use the same or similar answer choices. An answer choice may be correct for more than one question in the series. Each question is independent of the other questions in this series. Information and details provided in a question apply only to that question.
You have a database that stores sales and order information.
Users must be able to extract information from the tables on an ad hoc basis. They must also be able to reference the extracted information as a single table.
You need to implement a solution that allows users to retrieve the data required, based on variables defined at the time of the query.
What should you implement?
A. a scalar function
B. the COALESCE function
C. the TRY_PARSE function
D. a view
E. a stored procedure
F. a table-valued function
G. the ISNULL function
H. the TRY_CONVERT function
Answer: F
Explanation:
Explanation
User-defined functions that return a table data type can be powerful alternatives to views. These functions are referred to as table-valued functions. A table-valued user-defined function can be used where table or view expressions are allowed in Transact-SQL queries. While views are limited to a single SELECT statement, user-defined functions can contain additional statements that allow more powerful logic than is possible in views.
A table-valued user-defined function can also replace stored procedures that return a single result set.
References: https://technet.microsoft.com/en-us/library/ms191165(v=sql.105).aspx