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NEW QUESTION: 1
High quality requirements have certain characteristics which distinguish them from low-quality requirements.
Which characteristic of requirements demands that all requirements in a set or model support its overall purpose and scope?
A. Correct
B. Consistent
C. Complete
D. Cohesive
Answer: D
Explanation:
Explanation
The cohesive attribute demands that all requirements in a set or model support its overall purpose and scope.
Answer D is incorrect. Consistent requirements ensure that individual requirements do not contradict each
other or describe the same requirement using different wording.
Answer A is incorrect. The entire set of requirements should represent all relevant requirements.
Answer C is incorrect. Correct requirements acknowledge that defects in requirements will lead to defects in
the resulting solution.
NEW QUESTION: 2
以下の各ステートメントについて、ステートメントが真である場合は「はい」を選択します。それ以外の場合は、「いいえ」を選択します。
注：それぞれの正しい選択には1ポイントの価値があります。
Answer:
Explanation:
Explanation:
References:
https://docs.microsoft.com/en-us/office365/securitycompliance/sensitivity-labels
NEW QUESTION: 3
To support dual stack subscribers, what is the minimum version of the IOM card on the AlcatelLucent 7750 SR?
A. IOM-20g-b
B. IOM3-xp
C. IOM-10g
D. IOM2-20g
Answer: B
NEW QUESTION: 4
Michael Thomas, CFA, is a fixed-income portfolio manager for TFC Investments. As part of his portfolio strategy for the Prosperity Fund, Thomas searches for companies that he expects to be upgraded or downgraded. Those potential upgrades he finds are added to the portfolio or if already in the portfolio are increased in proportion to other holdings before the upgrade takes place. Potential downgrades are sold from the portfolio before the downgrade takes place. Thomas is evaluating his portfolio's current holdings which include several bonds issued by companies in the oil and gas exploration and refining industries.
Year-end rating updates are expected to occur in a few days and Thomas is preparing to adjust his portfolio based on expected changes in credit ratings. He has assembled the following annual data on four of the oil and gas stocks in the portfolio:
Exhibit: 1
Thomas has been discussing his fixed-income strategies with a fellow portfolio manager, Shawna Reese.
Reese has indicated that while his initial approach is good, the overall credit analysis strategy could be improved and has made the following suggestions to Thomas for both the Prosperity Fund and other fixed- income funds he manages:
The current methodology does not consider special issues related to high-yield debt which makes up approximately 5% of the Prosperity Fund. Because most high-yield issuers have such a heavy dependence on short-term debt financing, analysis of the firm's debt structure will be extremely important to determine the priority of claims on the firm's assets as well as what source(s) of funds will be used to repay the principal. In addition, the corporate structure of high-yield issuers must be examined to determine the issuer's access to cash flows generated by its subsidiaries. A simple analysis of the parent's financial ratios will not reveal complicated corporate structures and indebtedness of subsidiaries that may restrict the issuer's ability to obtain the cash flows necessary to service its debt.
The current methodology as applied to the Municipal Opportunities Fund does not include the necessary specialized analysis for municipal securities. Among other items, tax-backed munis must be scrutinized as to the issuer's ability to maintain balanced budgets as well as to ensure that the issue has first priority of claims to revenue from public works projects. Revenue-backed munis require an assessment of the sufficiency of rate covenants to cover expenses and debt servicing of the underlying project as well as the ability for other government entities to access the revenues generated by the enterprise before they are passed on to revenue bondholders.
As part of his portfolio analysis, Thomas also examines yield volatility. Thomas makes the following statements:
Statement 1: Implied yield volatility estimates are based on the assumptions that the option pricing model is correct and that volatility is constant.
Statement 2: Yield volatility has been observed to follow patterns over time that can be modeled and used to forecast future volatility.
He concludes his analysis by comparing the swap rate curve to a government bond yield curve as a benchmark.
In accordance with his stated strategy, which of the companies included in Exhibit 1 should Thomas buy for the portfolio in anticipation of the credit rating updates?
A. Company Y.
B. Company W.
C. Company X.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Company W is the most likely candidate for an upgrade in its credit rating. Company W has an increasing ability to pay its interest expense as evidenced by the increasing interest coverage ratio. Cash flow as a percentage of total debt is increasing for the company. Profitability as measured by operating margin and ROE is increasing while the company is reducing its reliance on long-term debt financing. Short-term debt is increasing since total debt has increased somewhat while long-term debt has decreased. Overall the financial condition of Company W is improving as evidenced by the company's financial ratios. No other company in the table has experienced as much improvement in its financial condition as Company W making it the most likely candidate for an upgrade and purchase for the portfolio. (Study Session 14, LOS
51.d)