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NEW QUESTION: 1
You executed the following command to create a password file in the database server:
$ orapwd file = orapworcl entries = 5 ignorecase=N
Which statement describes the purpose of the above password file?
A. It records usernames and passwords of all users when they are added to OSDBA or OSOPER operating groups
B. It is used by Oracle to authenticate users for remote database administrator
C. It records usernames and passwords of users when granted the DBA role
D. It contains usernames and passwords of users for whom auditing is enabled
Answer: B
Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION: 2
What is a Tor exit node?
A. The Tor node that performs encryption
B. The encrypted Tor network
C. The last Tor node or the "gateways" where the Tor encrypted traffic "exits" to the Internet
D. The Tor browser installed in your system in order to "exit" the Internet
Answer: C

NEW QUESTION: 3
When a proposed corrective action plan is judged unacceptable, an auditor should do which of the following?
A. Discuss the plan's deficiencies with the auditee and request a revised plan.
B. Notify the auditee and request that a new plan be submitted by the next level of management.
C. Revise the submitted plan on the basis of the auditor's knowledge and technical expertise.
D. Suggest that the auditee benchmark the deficient area and then rewrite the plan.
Answer: A

NEW QUESTION: 4
Geneva Management (GenM) selects long-only and long-short portfolio managers to develop asset allocation recommendations for their institutional clients.
GenM Advisor Marcus Reinhart recently examined the holdings of one of GenM's long-only portfolios actively managed by Jamison Kiley. Reinhart compiled the holdings for two consecutive non-overlapping five year periods. The Morningstar Style Boxes for the two periods for Kiley's portfolio are provided in Exhibits 1 and 2.
Exhibit 1: Morningstar Style Box: Long-Only Manager for Five-Year Period 1

Exhibit 2: Morningstar Style Box: Long-Only Manager for Five-Year Period 2

Reinhart contends that the holdings-based analysis might be flawed because Kiley's portfolio holdings are known only at the end of each quarter. Portfolio holdings at the end of the reporting period might misrepresent the portfolio's average composition. To compliment his holdings-based analysis, Reinhart also conducts a returns-based style analysis on Kiley's portfolio. Reinhart selects four benchmarks:
1. SCV: a small-cap value index.
2. SCG: a small-cap growth index.
3. LCV: a large-cap value index.
4. LCG: a large-cap growth index.
Using the benchmarks, Reinhart obtains the following regression results:
Period 1: Rp = 0.02 + H0.01(SCV) + 0.02(SCG) + 0.36(LCV) + 0.61(LCG)
Period 2: Rp = 0.02 + 0.01(SCV) + 0.02(SCG) + 0.60(LCV) + 0.38(LCG)
Kiley's long-only portfolio is benchmarked against the S&P 500 Index. The Index's current sector allocations are shown in Exhibit 3.
Exhibit 3: S&P 500 Index Sector Allocations

GenM strives to select managers whose correlation between forecast alphas and realized alphas has been fairly high, and to allocate funds across managers in order to achieve alpha and beta separation. GenM gives Reinhart a mandate to pursue a core-satellite strategy with a small number of satellites each focusing on a relatively few number of securities.
In response to the core-satellite mandate, Reinhart explains that a Completeness Fund approach offers two advantages:
Advantage 1: The Completeness Fund approach is designed to capture the stock selecting ability of the active manager, while matching the overall portfolio's risk to its benchmark.
Advantage 2: The Completeness Fund approach allows the Fund to fully capture the value added from active managers by eliminating misfit risk.
Assuming no material change in the forecasting ability of GenM's managers and considering the core- satellite mandate faced by Reinhart, which of the following statements is correct?
A. The GenM information coefficient will be relatively low.
B. The GenM investor breadth will be relatively low.
C. The GenM information ratio will be relatively low.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The information coefficient (IC) measures manager skill. The information coefficient will be high, because the correlation between alpha forecasts and alpha reali2ations is expected to remain high. The investor breadth (IB) measures the number of independent investment decisions made within the investor's portfolio. The investor breadth will be low, because GenM employs a small number of active managers (the satellites managers), who, in turn, are mandated to consider only a small number of securities. The Information ratio = IC x (IB)1/2. The information ratio could be higher or lower, depending on the level reached for each of the variables. (Study Session 11, LOS33.p)