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NEW QUESTION: 1
Wealth Management's top economist, Frederick Milton, is an economic cycle forecaster- Milton's economic forecasts indicate an economic upswing that will impact all goods and services sectors. Milton presents his economic findings to the rest of Wealth Management's professionals at their monthly meeting. All are excited about Milton's forecast of an improving economic condition that should translate into a steadily rising stock market.
Nathaniel Norton and Timothy Tucker have confidence in Milton's capabilities and decide to meet with their clients. Their first meeting is with Elizabeth Mascarella to whom Norton recommends a dynamic asset allocation strategy to take advantage of Milton's forecast. However, Mascarella is concerned because the somewhat persistent back-and-forth of economic activity has translated into an oscillating stock market.
Mascarella questions Norton's recommendation and asks Tucker which strategy should be followed if the market continues as it has, instead of making such "wonderful" strides.
It is one year later and Frederick Milton's economic forecast has been correct, and the market has trended upward as expected. Mascarella's strategic allocation to equity, which was $600,000 of a total portfolio of
$1,000,000, has increased 20%. Her overall portfolio, which contains equity, debt, and some cash, is now valued at $1,150,000. Tucker meets with Mascarella and indicates it may be time to rebalance her portfolio.
Tucker has tried to make Mascarella understand the benefits of percentage-of-portfolio rebalancing relative to calendar rebalancing. Which of the following statements made by Tucker is not correct?
A. Percentage-of-portfolio rebalancing minimizes the amount by which the allocations stray from their strategic levels.
B. Calendar rebalancing provides discipline while requiring less monitoring.
C. Percentage of portfolio rebalancing is better than calendar rebalancing because it keeps allocations closer to their strategic levels.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
This statement is too general. The need to rebalance is determined by several factors, including the volatility of the assets and the correlations among the classes. For example, if the assets in the portfolio are not overly volatile and are fairly highly correlated, monitoring more frequently than on an annual basis may be a waste of time and money. (Study Session 16, LOS 46.e)

NEW QUESTION: 2
Based on the above information, before making the major acquisition, several large institutional shareholders have asked management to consider all of the following EXCEPT:

A. a stock repurchase.
B. a stock split.
C. a special dividend.
D. a stock dividend.
Answer: B

NEW QUESTION: 3
Overview
General Overview
ADatum 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 5-ms latency. A: Datum standardizes its database platform by using SQL Server 2014 Enterprise 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 updated frequently.
The database is often used for reporting.
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 Table1 sequentially several times. After the process is complete, Table1 is deleted.
A stored procedure named USP_2 is used to generate a product list. The product list contains the names of products grouped by category.
USP_2 takes several minutes to run due to locks on the tables the procedure accesses.
The locks are caused by USP_1 and USP_3.
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 fails. 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.
All nested stored procedures handle errors by using structured exception handling. A stored procedure named USP_5 calls several stored procedures in the same database.
Security checks are performed each time USP_5 calls a stored procedure.
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 Time Objective (RTO) of 5 minutes.
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 manage security for 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
ADatum 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.
You need to recommend a solution for the planned changes to the customer classifications.
What should you recommend? (Each correct answer presents part of the solution. Choose all that apply.)
A. Add a column to the Classifications table to track the status of each classification.
B. Add a table to track any changes made to the classification of each customer.
C. Add columns for each classification to the Customers table.
D. Add a row to the Customers table each time a classification changes.
E. Implement change data capture.
Answer: A,B
Explanation:
Scenario:
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.