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Exam Code: CIFC
Exam Name: Canadian Investment Funds Course Exam
Vendor: IFSE Institute

60 Questions & Answers
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NEW QUESTION: 1




Answer:
Explanation:


NEW QUESTION: 2
The risk manager at a small bank wants to use quantitative analysis to determine the ALE of running a business system at a location which is subject to fires during the year. A risk analyst reports to the risk manager that the asset value of the business system is $120,000 and, based on industry data, the exposure factor to fires is only 20% due to the fire suppression system installed at the site. Fires occur in the area on average every four years. Which of the following is the ALE?
A. $30,000
B. $96,000
C. $24,000
D. $6,000
Answer: D
Explanation:
Single Loss Expectancy (SLE) is mathematically expressed as: Asset value (AV) x Exposure Factor (EF)
SLE = AV x EF = $120 000 x 20% = $ 24,000 (this is over 4 years)
Thus ALE = $ 24,000 / 4 = $ 6,000
References:
http://www.financeformulas.net/Return_on_Investment.html
https://en.wikipedia.org/wiki/Risk_assessment
Project Management Institute, A Guide to the Project Management Body of Knowledge (PMBOK Guide), 5th Edition, Project Management Institute, Inc., Newtown Square, 2013, p. 198
McMillan, Troy and Robin Abernathy, CompTIA Advanced Security Practitioner (CASP) CAS-002 Cert Guide, Pearson Education, Indianapolis, 2015, p. 305

NEW QUESTION: 3
Oliver Goldsmith (1730-1774) wrote criticism, plays, novels, biographies, travelogues, and nearly every
other conceivable kind of composition. This good-humored essay is from a series published in the Public
Ledger and then in book form as The Citizen of the World (1762).
Were we to estimate the learning of the English by the number of books that are every day published
among them, perhaps no country, not even China itself, could equal them in this particular. I have
reckoned not less than twenty-three new books published in one day, which, upon computation, makes
eight thousand three hundred and ninety-five in one year. Most of these are not confined to one single
science, but embrace the whole circle. History, politics, poetry, mathematics, metaphysics, and the
philosophy of nature, are all comprised in a manual no larger than that in which our children are taught the
letters. If then, we suppose the learned of England to read but an eighth part of the works which daily come
from the press and surely non can pretend to learning upon less easy terms), at this rate every scholar will
read a thousand books in one year. From such a calculation, you may conjecture what an amazing fund of
literature a man must be possessed of, who thus reads three new books every day, not one of which but
contains all the good things that ever were said or written.
And yet I know not how it happens, but the English are not, in reality so learned as would seem from this
calculation. We meet but few who know all arts and sciences to perfection; whether it is that the generality
are incapable of such extensive knowledge, or that the authors of those books are not adequate
instructors. In China, the Emperor himself takes cognizance of all the doctors in the kingdom who profess
authorship. In England, every man may be an author, that can write; for they have by law a liberty, not only
of saying what they please, but of being also as dull as they please.
Yesterday, as I testified to my surprise, to the man in black, where writers could be found in sufficient
number to throw off the books I saw daily crowding from the press. I at first imagined that their learned
seminaries might take this method of instructing the world. But, to obviate this objection, my companion
assured me that the doctors of colleges never wrote, and that some of them had actually forgot their
reading. "But if you desire," continued he, "to see a collection of authors, I fancy I can introduce you to a
club, which assembles every Saturday at seven . . . ." I accepted his invitation; we walked together, and
entered the house some time before the usual hour for the company assembling. My friend took this
opportunity of letting me into the characters of the principal members of the club . . .
"The first person," said he, "of our society is Doctor Nonentity, a metaphysician. Most people think him a
profound scholar, but, as he seldom speaks, I cannot be positive in that particular; he generally spreads
himself before the fire, sucks his pipe, talks little, drinks much, and is reckoned very good company. I'm
told he writes indexes to perfection: he makes essays on the origin of evil, philosophical inquiries upon any
subject, and draws up an answer to any book upon 24 hours' warning . . . ."
The tone of paragraph 2 may best be described as
A. solemn
B. self-satisfied
C. affectionate
D. sardonic
E. awestruck
Answer: D
Explanation:
Explanation/Reference:
Explanation:
The whole tone of the piece is ironic; Goldsmith is making his point through dry, sardonic wit.

NEW QUESTION: 4
A Simple Network Management Protocol (SNMP) integration allows the Vault administrator to forward ITALOG records to a monitoring solution.
A. True
B. False
Answer: B


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