CIPS L6M7 Q&A - in .pdf

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  • Exam Code: L6M7
  • Exam Name: Commercial Data Management
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NEW QUESTION: 1
Commercial insurance plans usually reimburse health care providers under some type of __________ payment system, whereas the federal Medicare program uses some type of ___________ payment system.
A. prospective, concurrent
B. retrospective, prospective
C. prospective, retrospective
D. retrospective, concurrent
Answer: B

NEW QUESTION: 2
You need to configure security on the Product table for customer support representatives.
Which two actions should you perform? Each correct answer presents part of the solution. Choose two.
A. GRANT ALL on CustProduct TO OurDomain\CustomerSupport
B. Create a view called CustProduct that includes columns ProductID. ProductName, Product Description, QuantityOnHand, ProductPrice, ProductCost, and ProductSupplierID.
C. GRANT SELECT on CustProduct TO OurDomain\CustomerSupport.
D. Create a view called CustProduct that includes columns ProductID, ProductName, Product Description, QuantityOnHand, and ProductPrice.
E. Create a user-defined data type called CustProduct that includes columns ProductID, ProductName, Product Description, and ProductPrice.
F. GRANT SELECT on CustProduct TO public.
Answer: B,C
Explanation:
Give access to CustomerSupport through a view. The view must include all
these columns (refer to scenario).
GRANT Object Permissions (Transact-SQL)
Topic 11, A.Datum
Overview
General Overview
A). Datum Corporation has offices in Miami and Montreal.
The network contains a single Active Directory forest named adatum.com. The offices connect to each other by using a WAN link that has a 5-ms latency.
A). Datum standardizes its database platform by using SQL Server 2014 Standard edition.
Databases
Each office contains databases named Sales. Inventory, Customers, Products, Personnel, and Dev.
Servers and databases are managed by a team of database administrators. Currently, all of the database administrators have the same level of permissions on all of the servers and all of the databases.
The Customers database contains two tables named Customers and Classifications. The following graphic shows the relevant portions of the tables:

The following table shows the current data in the Classifications table:

The Inventory database is used mainly for reports. The database is recreated every day. A full backup of the database currently takes three hours to complete.
Stored Procedures
A stored procedure named USP_1 generates millions of rows of data for multiple reports. USP_1 combines data from five different tables from the Sales and Customers databases in a table named Table1.
After Table1 is created, the reporting process reads data from a table in the Products database and searches for information in Table1 based on input from the Products table. After the process is complete, Table1 is deleted.
A stored procedure named USP_2 is used to generate a product list. USP_2 takes several minutes to run due to locks on the tables the procedure accesses.
A stored procedure named USP_3 is used to update prices. USP_3 is composed of several UPDATE statements called in sequence from within a transaction. Currently, if one of the UPDATE statements fails, the stored procedure continues to execute.
A stored procedure named USP_4 calls stored procedures in the Sales, Customers, and Inventory databases. The nested stored procedures read tables from the Sales, Customers, and Inventory databases. USP_4 uses an EXECUTE AS clause.
A stored procedure named USP_5 changes data in multiple databases. Security checks are performed each time USP_5 accesses a database.
You suspect that the security checks are slowing down the performance of USP_5.
All stored procedures accessed by user applications call nested stored procedures. The nested stored procedures are never called directly.
Design Requirements
Data Recovery
You must be able to recover data from the Inventory database if a storage failure occurs. You have a Recovery Point Objective (RPO) of one hour.
You must be able to recover data from the Dev database if data is lost accidentally. You have a Recovery Point Objective (RPO) of one day.
Classification Changes
You plan to change the way customers are classified. The new classifications will have four levels based on the number of orders. Classifications may be removed or added in the future.
Management requests that historical data be maintained for the previous classifications.
Security
A group of junior database administrators must be able to view the server state of the SQL Server instance that hosts the Sales database. The junior database administrators will not have any other administrative rights.
A). Datum wants to track which users run each stored procedure.
Storage
A). Datum has limited storage. Whenever possible, all storage space should be minimized for all databases and all backups.
Error Handling
There is currently no error handling code in any stored procedure. You plan to log errors in called stored procedures and nested stored procedures. Nested stored procedures are never called directly.

NEW QUESTION: 3
Section C (4 Mark)
A stock ABC Ltd. is trading at Rs. 450. Mr. XYZ is bullish on the stock. But does not want to invest Rs. 450.
He does a Long Combo. He sells a Put option with a strike price Rs. 400 at a premium of Rs. 1.00 and buys a Call Option with a strike price of Rs. 500 at a premium of Rs. 2.
What would be the Net Payoff of the Strategy?
* If ABC Ltd closes at 625
* If ABC Ltd closes at 328
A. -114 and 95
B. 320 and 270
C. -144 and 105
D. 124 and -73
Answer: D

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