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Exam Code: SPHR
Exam Name: The Professional in Human Resources (SPHR)
Vendor: HRCI

60 Questions & Answers
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NEW QUESTION: 1
A Windows policy protects over 100 servers using the directive ALL_LOCAL_DRIVES. The backup window for this policy is a two-hour window that is unused by any other policy.
When the jobs run, each server has no more than ten paths, and the overall performance of the disk storage unit is degraded.
Which setting should the administrator modify to ensure only ten jobs write concurrently to the disk storage unit during the backup window?
A. set theAllow multiple data streamspolicy attribute
B. set theMaximum jobs per clienthost property
C. enable multiplexing for the storage unit and set the value
D. enable theLimit Jobs per policyattribute
Answer: C

NEW QUESTION: 2
You administer a Microsoft SQL Server 2012 database that includes a table named Products. The Products table has columns named ProductId, ProductName, and CreatedDateTime.
The table contains a unique constraint on the combination of ProductName and CreatedDateTime.
You need to modify the Products table to meet the following requirements:
* Remove all duplicates of the Products table based on the ProductName column.
* Retain only the newest Products row.
Which Transact-SQL query should you use?
A. WITH CTEDupRecords
AS
(
SELECT MAX(CreatedDateTime) AS CreatedDateTime, ProductName
FROM Products
GROUP BY ProductName
HAVING COUNT(*) > 1
)
DELETE p
FROM Products p
JOIN CTEDupRecords cte ON
cte.ProductName = p.ProductName
AND cte.CreatedDateTime > p.CreatedDateTime
B. ProductName = cte.ProductName
AND p.CreatedDateTime > cte.CreatedDateTime
C. ProductName = cte.ProductName
D. WITH CTEDupRecords
AS
(
SELECT MAX(CreatedDateTime) AS CreatedDateTime, ProductName
FROM Products
GROUP BY ProductName
HAVING COUNT(*) > 1
)
DELETE p
FROM Products p
JOIN CTEDupRecords cte ON
E. ProductName = cte.ProductName
F. WITH CTEDupRecords
AS
(
SELECT MIN(CreatedDateTime) AS CreatedDateTime, ProductName
FROM Products
GROUP BY ProductName
)
DELETE p
FROM Products p
JOIN CTEDupRecords cte ON
G. WITH CTEDupRecords
AS
(
SELECT MAX(CreatedDateTime) AS CreatedDateTime, ProductName
FROM Products
GROUP BY ProductName
HAVING COUNT(*) > 1
)
DELETE p
FROM Products p
JOIN CTEDupRecords cte ON
Answer: B

NEW QUESTION: 3
Which of the following statements are true:
I. A total return swap (TRS) helps gain an exposure without having to fund a long position II. A short position in a corporate bond can be covered using a repo III. A total return swap (TRS) is useful to eliminate counterparty risk IV. A bank borrowing funds using a repo continues to hold the underlying assets on its balance sheet
A. I, II and IV
B. III and IV
C. I, II, III and IV
D. I, III and IV
Answer: A
Explanation:
Explanation
A total return swap allows an investor or a financial institution to gain exposure to an asset or a portfolio without actually having to go long in those positions. The counterparty provides the return from the exposure and receives LIBOR plus a spread in exchange. Effectively, the counterparty has funded the investor's position for a fixed interest rate, therefore a TRS is essentially a funding arrangement. However, the structure of a TRS may also have other consequences that are relevant for tax and accounting - the assets under a TRS are not held on the balance sheet of the investor receiving the total return. Statement I is correct as the TRS helps gain an exposure without having to fund the position with cash.
Repos are useful for shorting corporate bonds. The investor desirous of shorting a corporate bond would sell the bond in the market, and immediately borrow the bond from someone else using a repo to deliver to the party he has sold the bond to. Repos are used extensively to cover short bond positions, and therefore statement II is correct.
Statement III is not correct as counterparty risk continues to exist with a TRS. The counterparty may fail to provide the agreed returns, and the risk exists.
Statement IV is correct as the bank that borrows funds using a repo continues to hold the underlying assets on its balance sheet. Therefore Choice 'd' is the correct answer.


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