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NEW QUESTION: 1
Sara Robinson and Marvin Gardner are considering an opportunity to start their own money management firm. Their conversation leads them to a discussion on establishing a portfolio management process and investment policy statements. Robinson makes the following statements:
Statement 1;
Our only real objective as portfolio managers is to maximize the returns to our clients.
Statement 2:
If we are managing only a fraction of a client's total wealth, it is the client's responsibility, not ours, to determine how their investments are allocated among asset classes.
Statement 3: When developing a client's strategic asset allocation, portfolio managers have to consider capital market expectations. In response, Gardner makes the following statements:
Statement 4: While return maximization is important for a given level of risk, we also need to consider the client's tolerance for risk.
Statement 5: We'll let our clients worry about the tax implications of their investments; our time is better spent on finding undervalued assets.
Statement 6: Since we expect our investor's objectives to be constantly changing, we will need to evaluate their investment policy statements on an annual basis at a minimum.
Robinson wants to focus on younger clientele with the expectation that the new firm will be able to retain the clients for a long time and create long-term profitable relationships. While Gardner felt it was important to develop long-term relationships, he wants to go after older, high-net-worth clients.
Are Statements 1 and 4 consistent with the appropriate method of developing portfolio objectives?
A. Only Statement 4 is correct.
B. Both statements are correct.
C. Only Statement 1 is correct.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
1 he investment process requires consideration of risk and return concurrently. While maximization of returns is always preferable, an investors risk tolerance must also be determined and included in the investment decision. Recall that risk and return objectives are closely related to one another because of the trade-off between risk and return. Therefore, Statement 1 is incorrect, and Statement 4 is correct.
(Study Session 18, LOS 68.c)

NEW QUESTION: 2
You have an Exchange Server 2010 organization. You deploy a server that has Exchange Server 2013
installed. You plan to install five additional servers that have Exchange Server 2013 installed. You are a
member of the Organization Management management role group. Your company hires an external IT
consultant named Admin1. The company s security policy states that all external consultants must have
the minimum number of required permissions on the network. You need to ensure that Admin1 can install
a server named EX2. The solution must meet the requirements of the security policy.
Which two tasks should you perform? (Each correct answer presents part of the solution. Choose two.)
A. Add Admin1 to the Exchange Server role group.
B. Run setup and specify the /newprovisionedserver:ex2 parameter.
C. Create a new management role and a new management role assignment policy.
D. Add Admin1 to the Delegated Setup management role group.
Answer: B,D

NEW QUESTION: 3
SCA (Security Control Assessors)에 필요한 독립 레벨은 누가 결정합니까?
A. 공식 승인 (AO)
B. 시스템 소유자
C. 사업주
D. 최고 정보 보안 책임자 (CISC)
Answer: A