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Exam Code: PfMP
Exam Name: Portfolio Management Professional (PfMP)
Vendor: PMI

60 Questions & Answers
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NEW QUESTION: 1
Your customer requires changes be made to the Order Management work areas. The customer would like to rearrange the tab layout and hide attributes.
Which statement is true about this requirement and customizations that an administrator will be able to make?
A. An administrator can only hide attributes and cannot rearrange the tab layout
B. An administrator can rearrange the tab layout, hide attributes, and add custom components such as links
C. An administrator can rearrange the tab layout, hide attributes, and change default widths of columns and panels
D. An administrator cannot customize anything within the Order Management work areas
E. An administrator can only add content and rearrange the tab layout. They cannot hide attributes.
Answer: C

NEW QUESTION: 2
次のインターフェイスのうち、DB9およびDB25コネクタを使用しているのはどれですか?
A. USB-C
B. eSATA
C. RS-232
D. USB
Answer: A

NEW QUESTION: 3
Pace Insurance is a large, multi-line insurance company that also owns several proprietary mutual funds.
The funds are managed individually, but Pace has an investment committee that oversees all of the funds.
This committee is responsible for evaluating the performance of the funds relative to appropriate benchmarks and relative to the stated investment objectives of each individual fund. During a recent investment committee meeting, the poor performance of Pace's equity mutual funds was discussed. In particular, the inability of the portfolio managers to outperform their benchmarks was highlighted. The net conclusion of the committee was to review the performance of the manager responsible for each fund and dismiss those managers whose performance had lagged substantially behind the appropriate benchmark.
The fund with the worst relative performance is the Pace Mid-Cap Fund, which invests in stocks with a capitalization between S40 billion and $80 billion. A review of the operations of the fund found the following:
* The turnover of the fund was almost double that of other similar style mutual funds.
* The fund's portfolio manager solicited input from her entire staff prior to making any decision to sell an existing holding.
* The beta of the Pace Mid-Cap Fund's portfolio was 60% higher than the beta of other similar style mutual funds.
* No stock is considered for purchase in the Mid-Cap Fund unless the portfolio manager has 15 years of financial information on that company, plus independent research reports from at least three different analysts.
* The portfolio manager refuses to increase her technology sector weighting because of past losses the fund incurred in the sector.
* The portfolio manager sold all the fund's energy stocks as the price per barrel of oil rose above $80. She expects oil prices to fall back to the $40 to S50 per barrel range.
A committee member made the following two comments:
Comment 1: "One reason for the poor recent performance of the Mid-Cap Mutual Fund is that the portfolio lacks recognizable companies. I believe that good companies make good investments." Comment 2: "The portfolio manager of the Mid-Cap Mutual Fund refuses to acknowledge her mistakes.
She seems to sell stocks that appreciate, but hold stocks that have declined in value." The supervisor of the Mid-Cap Mutual Fund portfolio manager made the following statements:
Statement 1: "The portfolio manager of the Mid-Cap Mutual Fund has engaged in quarter-end window dressing to make her portfolio look better to investors. The portfolio manager's action is a behavioral trait known as over-reaction." Statement 2: "Each time the portfolio manager of the Mid-Cap Mutual fund trades a stock, she executes the trade by buying or selling one-third of the position at a time, with the trades spread over three months.
The portfolio manager's action is a behavioral trait known as anchoring." Indicate whether Statement 1 and Statement 2 made by the supervisor are correct.
A. Only Statement 2 is correct.
B. Only Statement 1 is correct.
C. Neither Statement is correct.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Statement 1 is incorrect. The behavioral trait is regret minimization, not overreaction. The concept of regret minimization leads to herding behavior. Window dressing is a herding mentality in which portfolio managers show investors that they only invest in stocks that outperform (winners) and avoid poor performing stocks (losers). The overreaction concept asserts that random events can greatly influence an investor's decision making.
Statement 2 is incorrect. The trading described is similar to dollar cost averaging, which is a framing dependence issue that mitigates loss aversion. Anchoring leads to an under-reaction to new information, which does not apply to the portfolio manager's trading strategy. (Study Session 3, LOS 8.a, b)

NEW QUESTION: 4
In a recent Automatic Workload Repository (AWR) report for your database, you notice a high number of buffer busy waits. The database consists of locally managed tablespaces with free list managed segments.
On further investigation, you find that buffer busy waits is caused by contention on data blocks.
Which option would you consider first to decrease the wait event immediately?
A. Increasing the number of DBWNprocess
B. Using Automatic Segment Space Management (ASSM)
C. Decreasing PCTFREE
D. Decreasing PCTUSED
E. Increasing db_buffer_cache based on the V$DB_CACHE_ADVICE recommendation
Answer: B
Explanation:
*Automatic segment space management (ASSM) is a simpler and more efficient way of managing space within a segment. It completely eliminates any need to specify and tune the pctused,freelists, and freelist groups storage parameters for schema objects created in the tablespace. If any of these attributes are specified, they are ignored. *Oracle introduced Automatic Segment Storage Management (ASSM) as a replacement for traditional freelists management which used one-way linked-lists to manage free blocks with tables and indexes. ASSM is commonly called "bitmap freelists" because that is how Oracle implement the internal data structures for free block management.
Note:
* Buffer busy waits are most commonly associated with segment header contention onside
the data buffer pool (db_cache_size, etc.).
*The most common remedies for high buffer busy waits include database writer (DBWR)
contention tuning, adding freelists (or ASSM), and adding missing indexes.


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