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NEW QUESTION: 1
オンプレミスネットワークには、Azure Active Directory（Azure AD）に同期されるadatum.comという名前のActive Directoryドメインが含まれています。パスワードの書き戻しは無効です。
adatum.comで、次の表に示すユーザーを作成します。
adatum.comに参加しているコンピューターからサインインする必要があるユーザーはどれですか？
A. User2およびUser3のみ
B. User1およびUser3のみ
C. User2のみ
D. User1のみ
E. User1、User2、およびUser3
Answer: D
Explanation:
Password writeback is a feature enabled with Azure AD Connect that allows password changes in the cloud to be written back to an existing on-premises directory in real time.
References:
https://docs.microsoft.com/en-us/azure/active-directory/authentication/concept-sspr-writeback
NEW QUESTION: 2
A technician is running updates on a Windows PC. Some of the updates install properly, while others appear as failed. While troubleshooting, the technician restarts the PC and attempts to install the failed updates again.
The updates continue to fail. Which of the following is the FIRST option to check?
A. Look at the system Event Viewer to find more information on the failure
B. Look up the error number associated with the failed update
C. Download the failed update to install manually
D. Visit the Microsoft Update website to see if there is an issue with a specific update
Answer: B
NEW QUESTION: 3
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 investor breadth will be relatively low.
B. The GenM information coefficient will be relatively low.
C. The GenM information ratio will be relatively low.
Answer: A
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)
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