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Exam Code: C-TS462-2023
Exam Name: SAP Certified Associate - SAP S/4HANA Cloud Private Edition - Sales
Vendor: SAP

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When deploying Local Web Authentication on a Cisco WLC, you can authenticate users externally via RADIUS. Which two authentication methods are supported by the Cisco WLC to authenticate guest users to a RADIUS server? (Choose two.)
Answer: A,C

A client who is 7 months pregnant is diagnosed with pyelonephritis. The nurse anticipates the physician ordering:
A. Magnesium sulfate (MgSO4)
B. Oxytocin
C. Tetracycline
D. Ampicillin
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(A) Oxytocin is prescribed to stimulate uterine contractions. (B) MgSO4is a central nervous system depressant prescribed to prevent and control convulsions related to preeclampsia. (C) Ampicillin is a penicillin derivative with no known teratogenic effects. This is the safest antibiotic during pregnancy. (D) Tetracycline stains teeth yellow and is not as safe as ampicillin during pregnancy.

Jack Mercer and June Seagram are investment advisors for Northern Advisors. Mercer graduated from a prestigious university in London eight years ago, whereas Seagram is newly graduated from a mid-western university in the United States. Northern provides investment advice for pension funds, foundations, endowments, and trusts. As part of their services, they evaluate the performance of outside portfolio managers. They are currently scrutinizing the performance of several portfolio managers who work for the Thompson University endowment.
Over the most recent month, the record of the largest manager. Bison Management, is as follows. On March 1, the endowment account with Bison stood at $ 11,200,000. On March 16, the university contributed $4,000,000 that they received from a wealthy alumnus. After receiving that contribution, the account was valued at $ 17,800,000. On March 31, the account was valued at $16,100,000. Using this information, Mercer and Seagram calculated the time-weighted and money-weighted returns for Bison during March. Mercer states that the advantage of the time-weighted return is that it is easy to calculate and administer. Seagram states that the money-weighted return is, however, a better measure of the manager's performance.
Mercer and Seagram are also evaluating the performance of Lunar Management. Risk and return data for the most recent fiscal year are shown below for both Bison and Lunar. The minimum acceptable return (MAR) for Thompson is the 4.5% spending rate on the endowment, which the endowment has determined using a geometric spending rule. The T-bill return over the same fiscal year was 3.5%. The return on the MSCI World Index was used as the market index. The World index had a return of 9% in dollar terms with a standard deviation of 23% and a beta of 1.0.

The next day at lunch, Mercer and Seagram discuss alternatives for benchmarks in assessing the performance of managers. The alternatives discussed that day are manager universes, broad market indices, style indices, factor models, and custom benchmarks. Mercer states that manager universes have the advantage of being measurable but they are subject to survivor bias. Seagram states that manager universes possess only one quality of a valid benchmark.
Mercer and Seagram also provide investment advice for a hedge fund, Jaguar Investors. Jaguar specializes in exploiting mispricing in equities and over-the-counter derivatives in emerging markets. They periodically engage in providing foreign currency hedges to small firms in emerging markets when deemed profitable. This most commonly occurs when no other provider of these contracts is available to these firms. Jaguar is selling a large position in Mexican pesos in the spot market. Furthermore, they have just provided a forward contract to a firm in Russia that allows that firm to sell Swiss francs for Russian rubles in 90 days. Jaguar has also entered into a currency swap that allows a firm to receive Japanese yen in exchange for paying the Russian ruble.
Determine which of the following best describes the relative diversification and performance of the Bison portfolio and Lunar portfolio:
A. The Lunar portfolio is better diversified, but from a downside risk perspective, the Bison portfolio has superior performance.
B. The Lunar portfolio is better diversified and, from a downside risk perspective, has superior performance.
C. The Bison portfolio is better diversified, but from a downside risk perspective, the Lunar portfolio has superior performance.
Answer: B
To evaluate the diversification of the two funds, we calculate the Jensens alpha, Trey nor, Sharpc, and M- squared measures for each fund. Using the Bison fund as a example, you would have obtained a Jensens alpha of:

TheTreynor ratio for Bison is calculated as:

The Sharpe ratio for Bison would be calculated as:

The M-squared measure is calculated in the answer for question 20.3. If we repeat these calculations for the Lunar fund, we arrive at the following:

The Bison fund ranks higher by Jensen's alpha and theTreynor ratio, bur rhe Lunar fund ranks higher by the Sharpe and M-squared measures. Jensen's alpha and the Treynor ratio account only for systematic risk as measured by beta. The Sharpe and M-squared measures account for total risk. Thus, since the rankings using alpha and Treynor versus Sharpe and M2 are reversed, it must be the case that Bison has more unsystematic risk than Lunar and that Lunar is better diversified.
Professor's Note: To determine relative diversification, you only need to use one measure based on systematic risk and one based on total risk. For example, you could have selected either Jensens alpha or the Treynor measure as the measure that uses systematic risk only. Then you could have selected either the Sharpe ratio or the M-squared measure as the measure that uses total risk.
To evaluate the relative performance considering downside risk only, we employ the Sortino ratio, which measures risk relative to the downside risk of returns. It is calculated as the portfolio return minus the minimum acceptable return (MAR) divided by a standard deviation that uses only returns below the MAR.
The calculation for Bison is:

For Lunar, the Sortino ratio is 0.71. Thus, Lunar provides better performance according to the Sortino ratio.
Sortino is similar to the Sharpe ratio in that an excess return is divided by a standard deviation. Note however that the Sharpe ratio (which uses the standard deviation in the denominator) examines all returns, whether they correspond to positive or negative alphas. The use of the Sharpe ratio could result in a measurement thar is unfair to managers who have consistently outperformed their benchmark and whose variability of returns is primarily on the upside. (Study Session 14, LOS 40.1 and Study Session 17, LOS

A very large contact center needs to have several agents logged into as many as 20 skills simultaneously as a backup.
Which feature must be licensed to allow for this number of assignments?
A. Expert Agent Selection (EAS)
B. Business Advocate (BA)
C. EAS Preference Handling Distribution (EAS PHD)
D. Service Level Maximizer (SLM)
Answer: C
Reference Avaya Aura™ Call Center Feature Reference 6.0 page 28

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