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Exam Code: GLO_CWM_LVL_1
Exam Name: Chartered Wealth Manager (CWM) Global Examination
Vendor: AAFM

60 Questions & Answers
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NEW QUESTION: 1
The PRIMARY purpose of performing an internal attack and penetration test as part of an incident response program is to identify:
A. the optimum response to internal hacker attacks.
B. potential attack vectors on the network perimeter.
C. weaknesses in network and server security.
D. ways to improve the incident response process.
Answer: C
Explanation:
An internal attack and penetration test are designed to identify weaknesses in network and server security. They do not focus as much on incident response or the network perimeter.

NEW QUESTION: 2
Under the Residual Dividend Policy, a firm pays out:
A. only net earnings left over after financing the current optimal capital budget requirements, consistent with the target capital structure.
B. all of its earnings left over after taxes and expenses as dividends.
C. none of these answers.
D. only net earnings from new projects as dividends, using the rest to finance current capital requirements.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Under the Residual Dividend Policy, a firm first determines the amount of capital it requires for sufficiently profitable projects. It then uses retained earnings to supply equity capital and raises debt in the proper amount to maintain the target capital structure. If any earnings are left over after this, they are paid out as dividends. If not, the firm will not only not pay any dividends but also issues new equity for financing.

NEW QUESTION: 3
See the Exhibit and examine the structure of the PROMOSTIONS table:
Exhibit:

Which SQL statements are valid? (Choose all that apply.)
A. SELECT promo_id, DECODE(promo_cost, >10000, 'High', <10000, 'Low') "Range" FROM promotions;
B. SELECT promo_id, DECODE(NULLIF(promo_cost, 10000), NULL, promo_cost*.25, 'N/A') "Catcost" FROM promotions;
C. SELECT promo_id, DECODE(promo_cost, 10000, DECODE(promo_category, 'G1', promo_cost *.25, NULL), NULL) "Catcost" FROM promotions;
D. SELECT promo_id, DECODE(NVL(promo_cost,0), promo_cost, promo_cost * 0.25, 100) "Discount" FROM promotions;
Answer: C,D
Explanation:
The DECODE Function Although its name sounds mysterious, this function is straightforward. The DECODE function implements ifthen-else conditional logic by testing its first two terms for equality and returns the third if they are equal and optionally returns another term if they are not. The DECODE function takes at least three mandatory parameters, but can take many more. The syntax of the function is DECODE(expr1,comp1, iftrue1, [comp2,iftrue2...[ compN,iftrueN]], [iffalse]).

NEW QUESTION: 4
You are a business analyst for a retail company that uses a Microsoft SQL Server Analysis Services (SSAS) multidimensional database for reporting.
The database contains the following objects:

You must create a report that shows, for each month, the Internet sales for that month and the total Internet sales for the calendar year up to and including the current month.
You create the following MDX statement (Line numbers are included for reference only.):

You need to complete the MDX statement to return data for the report.
Which MDX segment should you use in line 01?
Answer:
Explanation:
The following example returns the sum of the Measures. [Order Quantity] member, aggregated over the first eight months of calendar year 2003 that are contained in the Date dimension, from the Adventure Works cube.
Copy
WITH MEMBER [Date].[Calendar].[First8Months2003] AS
Aggregate(
PeriodsToDate(
[Date].[Calendar].[Calendar Year],
[Date].[Calendar].[Month].[August 2003]
)
)
SELECT
[Date].[Calendar].[First8Months2003] ON COLUMNS,
[Product].[Category].Children ON ROWS
FROM
[Adventure Works]
WHERE
[Measures].[Order Quantity]
References: https://docs.microsoft.com/en-us/sql/mdx/aggregate-mdx


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