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NEW QUESTION: 1
Tamber Benz, CFA, recently joined Bay Area Investment Group as a personal financial planner. Today, she has a meeting with a client interested in equity index funds, with a particular interest in learning about the source and direction of biases. In preparation for this meeting, she makes some quick notes (relying on her memory). These notes are listed below. She then finds her well-worn CFA study notes and checks her memory. After reviewing her notes, which of the following choices does she determine is INCORRECT?
A. A market value-weighted index, such as the New York Stock Exchange Index, accurately reflects the impact of price changes on wealth.
B. An index such as the Valueline Composite Average is constructed by purchasing an equal number of shares of each stock in the index, and will have a downward bias when geometric averaging is used to compute the return.
C. One problem with an index such as the S&P 500 is that firms with greater market capitalization have more impact than other firms.
D. The Dow Jones Industrial Index has a built-in downward bias.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Although the latter part of this statement is correct, the first part is incorrect. The Valueline Composite Average is an unweighted price indicator series, and is constructed by maintaining an equal dollar investment in each stock in the index. The return of an unweighted index is usually calculated using a geometric average. Assuming the existence of volatility, the geometric average will always be lower than the arithmetic average.
The other statements are true. The Dow Jones Industrial Index is a price-weighted index and thus has a built-in downward bias because of the impact of stock splits. After a stock split, the denominator is adjusted downward to keep the index at the same level as before the split. Since high-growth companies tend to announce stock splits more frequently than low-growth companies, the larger, more successful firms lose influence on the index. The S&P 500 index is a market-value weighted index. One problem with market- value weighted indexes is that firms with greater market capitalization have more impact than other firms. If these firms also have higher returns, the firms can dominate the index.

NEW QUESTION: 2
Management wants to ensure any sensitive data on company provided cell phones is isolated in a single location that can be remotely wiped if the phone is lost. Which of the following technologies BEST meets this need?
A. Sandboxing
B. containerization
C. Geofencing
D. device encryption
Answer: A

NEW QUESTION: 3
다음 중 AWS를 사용하면 어떤 이점이 있습니까?
A. 데이터가 자동으로 보호됩니다.
B. AWS는 사용자 데이터를 감사합니다.
C. 용량 요구에 대한 추측은 없습니다.
D. AWS는 규정 준수 요구를 관리합니다.
Answer: C
Explanation:
AWS manages dozens of compliance programs in its infrastructure. This means that segments of your compliance have already been completed.
Reference:
https://docs.aws.amazon.com/whitepapers/latest/aws-overview/security-and-compliance.html