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NEW QUESTION: 1
Which of the following statements correctly emphasize the viewpoint of a developer and a tester with respect to the testing psychology?
I. If a developer implements a fundamental design error (e.g. conceptual misunderstanding), it is HIGHLY probable that he/she will not find is using own tests.
II. The tester can observe the object to be tested without prejudices. It is not his/her own product and the assumptions and misunderstandings of the developer are not, in general, the same as those of the tester.
III. An independent tester must acquire knowledge about the object to be tested in order to create test cases; the developer has good knowledge of the object to be tested and this saves time: hence, it is advisable to assign the test activities to the developer IV. The weakness of the tests done by the developer is that developers tend to be optimistic about their own software. The risk is that reasonable test cases are forgotten because the developer is more interested in development than testing.
A. I, II, IV
B. I, II, III
C. I, II
D. III, IV
Answer: D
Explanation:
Section: (none)

NEW QUESTION: 2
An integrated test facility is considered a useful audit tool because it:
A. provides the IS auditor with a tool to analyze a large range of information
B. enables the financial and IS auditors to integrate their audit tests.
C. is a cost-efficient approach to auditing application controls.
D. compares processing output with independently calculated data.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
An integrated test facility is considered a useful audit tool because it uses the same programs to compare processing using independently calculated datA. This involves setting up dummy entities on an application system and processing test or production data against the entity as a means of verifying processing accuracy.

NEW QUESTION: 3
Sharon Foster, 56, is an executive at a large Biotech firm. Foster plans to retire in five years, to travel and spend time with her grandchildren. Foster is in excellent health, although her husband died several years ago. Foster's only significant asset is her employer's 401(k) retirement plan. Her salary is more than adequate to cover her living expenses until she retires, but she does not anticipate that she will accumulate any additional savings beyond her retirement account. The balance in her account currently is $3.2 million, but Foster estimates that by the time she retires the account will have grown to $4.5 million. She expects that her pretax living expenses, including a liberal travel budget, will be $150,000 per year, beginning when she retires. She is willing to take risk to achieve her financial goals. Her retirement account is currently invested 80% in stocks and 20% in bonds. Foster estimates her post-retirement income tax rate to be 35%, which is about the same as her current tax rate.
As she is starting to plan her retirement, Foster has turned to her longtime friend, Don Welch, CFA, who is a portfolio manager at Scientific Investments, LLC. Welch is considering three different mutual funds for Foster's account. All three are well-diversified funds of large capitalization stocks. The expected returns and standard deviations of each fund are shown below in Exhibit 1. Welch assumes a risk-free rate of return of 3.0%.
Module-0 Simulationsfragen
Welch believes in stock market efficiency, but he also believes that individual securities are mispriced by the market from time to time. He has recently reviewed research related to the Treynor-Black (TB) model of security selection and portfolio optimization. Welch refers to a prospectus from Fund D, which uses the TB framework in developing its portfolios. In discussing their use of the TB model, the prospectus cites an example where an active portfolio of five stocks is combined with a passive, index portfolio. The portfolio weights of the stocks are in Exhibit 2.
Module-0 Simulationsfragen
Welch further notes that the beta of the active portfolio is 0.90, although the standard deviation of the portfolio's returns is high. Of the five stocks shown in the portfolio, three have positive alphas, and two have negative alphas. A footnote to the sample data states that the sample assumes that the analysts* alpha forecasts are perfect.
Welch is reviewing Foster's account, together with the mutual fund data, in an attempt to develop a long- term investment plan for Foster.
If Welch was to ban short sales from the five-stock portfolio and equally weight the remaining stocks, indicate the amount of performance lost due lo a ban on short sales.
A. 6%.
B. 7%.
C. 13%.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Securities with negative alphas should be shorted in the active portfolio, to take advantage of their negative expected returns, however Welch is considering banning short sales. The cost of banning short sales is:
Alpha with short sales: (0.5 x 0.06) + (-0.25 x -0.06) + (0-5 x 0.08) + (0.5 x 0.07) + (-0.25 K -0.04) = 0.13 Alpha without short sales: (0.33333 x 0.06) + (0.33333 x 0.08) + (0.33333 x 0.07) = 0.07 Lost performance = 0.13 - 0.07 = 0.06 (Study Session 18, LOS 67.b,c)

NEW QUESTION: 4
-- Exhibit -
Module-0 Simulationsfragen
-- Exhibit -
An administrator is troubleshooting a NSX controller cluster issue and runs the control-cluster command:
What information can be determined from the output provided in the exhibit?
A. This is not the control cluster majority leader controller
B. The persistence_server role is not functioning correctly
C. This is the control cluster majority leader controller
D. There are two controllers in the cluster
Answer: A


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