APA FPC-Remote Q&A - in .pdf

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  • Exam Name: Fundamental Payroll Certification
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NEW QUESTION: 1
It is close to the fiscal year end for a government agency, and the chief audit executive (CAE) has the following items to submit to either the board or the chief executive officer (CEO) for approval. According to IIA guidance, which of the following items should be submitted only to the CEO?
A. The evaluation and compensation of the internal audit team.
B. A request for an increase of the CAE's salary for the next fiscal year.
C. The internal audit budget and resource plan for the coming fiscal year.
D. The internal audit risk assessment and audit plan for the next fiscal year.
Answer: A

NEW QUESTION: 2
In the case of historical volatility weighted VaR, a higher current volatility when compared to historical volatility:
A. will not affect the VaR estimate
B. will increase the confidence interval
C. will increase the VaR estimate
D. will decrease the VaR estimate
Answer: C
Explanation:
Explanation
When calculating volatility weighted VaR, returns are adjusted by a factor equal to the current volatility divided by the historical volatility, ie the volatility that existed during the time period the returns were earned.
If the current volatility is greater than the historical volatility (also called contemporary volatility), then it has the effect of increasing the magnitude of any past returns (whether positive or negative). This in turn increases the VaR.
Consider an example: if the current volatility is 2%, and a return of -5% was earned at a time when the volatility was 0.8%, then the volatility weighted return would be 12.5% (=-5% x 2%/0.8%). Clearly, this has the effect of increasing the VaR.
Choice 'd' is therefore the correct answer.

NEW QUESTION: 3
Lambda関数は、プライベートサブネットのAmazon RDSデータベースに対してクエリを実行する必要があります。
Lambda関数がAmazon RDSデータベースにアクセスできるようにするには、どの手順が必要ですか?
(2つ選択してください。)
A. Amazon RDS VPC内でLambda関数を作成します。
B. Lambdaセキュリティグループの入力ルールを変更し、Amazon RDSセキュリティグループを許可します。
C. Amazon RDSセキュリティグループの入力ルールを変更し、Lambdaセキュリティグループを許可します。
D. VPCにインターネットゲートウェイ(IGW)を追加し、プライベートサブネットをIGWにルーティングします。
E. Amazon RDSのVPCエンドポイントを作成します。
Answer: A,C
Explanation:
Explanation
https://docs.aws.amazon.com/lambda/latest/dg/services-rds-tutorial.html

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