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Exam Code: Advanced-CAMS-Audit
Exam Name: Advanced CAMS-Audit Certification Exam
Vendor: ACAMS

60 Questions & Answers
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NEW QUESTION: 1
Which of the following is a cause of model risk in risk management?
A. Misspecification of the model
B. Incorrect parameter estimation
C. Programming errors
D. All of the above
Answer: D
Explanation:
Explanation
Model risk is the risk that a model built for estimating a variable will produce erroneous estimates. Model risk is caused by a number of factors, including:
a) Misspecifying the model: For example, using a normal distribution when it is not justified.
b) Model misuse: For example, using a model built to estimate bond prices to estimate equity prices c) Parameter estimation errors: In particular, parameters that are subjectively determined can be subject to significant parameter estimation errors d) Programming errors: Errors in coding the model as part of computer implementation may not be detected by end users e) Data errors: Errors in data used for building the model may also introduce model risk Therefore the correct answer is d, as all the choices are a source of model risk.

NEW QUESTION: 2
Holly's organization performs staging from a system without an external security manager to a system with an external security manager. All resources in the target system are managed internally. The external security manager is not used for managing authorization decisions in this scenario. Which of the following options occurs during staging of subsequent releases?
A. Resources lose all attributes and security controls, but remain in the Portal Access Control as an externally managed resource.
B. Resources have to be manually recreated each time a staging occurs.
C. Resources with updated entitlements show in the XML configuration interface file as internally managed resources.
D. Resources with updated entitlements show in the XML configuration interface file as externally managed resources.
Answer: C

NEW QUESTION: 3
Which two statements describe about modifying Cisco UCS user accounts are true? (Choose two.)
A. The password of the user account expires in 30 days.
B. The password of the user account must contain a minimum of 10 characters.
C. Local user accounts override the same account on a remote authentication server, such as TACACS, RADIUS, or LDAP.
D. Disabling a user account maintains all of the data in the Cisco UCS Fabric Interconnect.
E. The admin account can be used to log on by using SSH only.
Answer: C,D

NEW QUESTION: 4
Brian created a custom action to run a custom workflow action based on a Java class that he had created and added to his system. The Java class must implement which interface?
A. com.ibm.portal.api.custom.CustomWorkflowAction
B. com.ibm.portal.api.WorkflowAction
C. com.ibm.workplace.wcm.api.custom.CustomWorkflowAction
D. com.ibm.workplace.wcm.api.WorkflowAction
Answer: C


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