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NEW QUESTION: 1
Which of the following provides the BEST explanation regarding why an organization needs to implement IT security policies?
A. To require acceptable usage of IT systems
B. To reduce the organizational risk
C. To ensure that staff conform to the policy
D. To ensure that false positives are identified
Answer: B
Explanation:
Once risks has been identified and assessed then there are five possible actions that should be taken. These are: Risk avoidance, Risk transference, Risk mitigation, Risk deterrence and Risk acceptance. Anytime you engage in steps to reduce risk, you are busy with risk mitigation and implementing IT security policy is a risk mitigation strategy.
Incorrect Answers:
A. False positives are events that are not really incidents. Thus to ensure that false positives are identified is not the main concern of implementing IT security policy.
B. Conforming to policy is only possible if policy is in place.
D. Acceptable use policy I concerned mainly with how a company allows their computers to b eused within the company.
References:
Dulaney, Emmett and Chuck Eastton, CompTIA Security+ Study Guide, 6th Edition, Sybex, Indianapolis, 2014, pp. 9-10,
28
NEW QUESTION: 2
A fund manager holds the following bond positions in a client portfolio:
a. A long position worth $100m in a bond with a modified duration of 7.5 b. A short position worth $65m in a bond with a modified duration of 12 c. A long position worth $120m in a bond with a modified duration of 6 What is the impact of a 10 basis point increase in interest rates across the yield curve?
A. A gain of $24,225
B. A loss of $690,000
C. A loss of $24,225
D. A gain of $69,000
Answer: B
Explanation:
Explanation
We need to calculate the total dollar duration of the bond portfolio, which is =100*7.5 - 65*12 + 120*6 =
$690m. This means a 10 basis point change in interest rates changes the value of the portfolio by
$690m*10bps = $0.69m, or $690,000. Therefore Choice 'b' is the correct answer.
[Here is an alternate step-by-step way of thinking about it. Let us consider changes to each position separately.a. A long position worth $100m in a bond with a modified duration of 7.5A 1% increase reduces the value of the bond by 7.5%. Therefore a 10bps = 0.1% change in interest rates will change the position by
0.75% = $100m*0.75% = $750,000 decrease.b. A short position worth $65m in a bond with a modified duration of 12A 1% increase increases the value of the position by 12% (remember this is a short position).
Therefore a 10bps = 0.1% change in interest rates will change the position by 1.2% = $65m*1.2% = $780,000 increase.c. A long position worth $120m in a bond with a modified duration of 6A 1% increase reduces the value of the bond by 6%. Therefore a 10bps = 0.1% change in interest rates will change the position by 0.6% =
$120m*0.6% = $720,000 decrease.The net change in the value of the porfolio is therefore:-750,000 + 780,000
- 720,000 = $690,000]
[Here is an alternate step-by-step way of thinking about it. Let us consider changes to each position separately.
a. A long position worth $100m in a bond with a modified duration of 7.5 A 1% increase reduces the value of the bond by 7.5%. Therefore a 10bps = 0.1% change in interest rates will change the position by 0.75% = $100m*0.75% = $750,000 decrease.
b. A short position worth $65m in a bond with a modified duration of 12 A 1% increase increases the value of the position by 12% (remember this is a short position). Therefore a
10bps = 0.1% change in interest rates will change the position by 1.2% = $65m*1.2% = $780,000 increase.
c. A long position worth $120m in a bond with a modified duration of 6
A 1% increase reduces the value of the bond by 6%. Therefore a 10bps = 0.1% change in interest rates will change the position by 0.6% = $120m*0.6% = $720,000 decrease.
The net change in the value of the porfolio is therefore:
-750,000 + 780,000 - 720,000 = $690,000]
NEW QUESTION: 3
You have an Azure subscription named Subscrption1 that is associated to an Azure Active Directory (Azure AD) tenant named AAD1.
Subscription1 contains the objects in the following table:
You plan to create a single backup policy for Vault1. To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation:
Box 1: RG1 only
Box 2: 99 years
With the latest update to Azure Backup, customers can retain their data for up to 99 years in Azure.
Note: A backup policy defines a matrix of when the data snapshots are taken, and how long those snapshots are retained.
The backup policy interface looks like this:
References:
https://docs.microsoft.com/en-us/azure/backup/backup-azure-vms-first-look-arm#defining-a-backup-policy
https://blogs.microsoft.com/firehose/2015/02/16/february-update-to-azure-backup-includes-data-retention-up-to-99-years-offline-backup-and-more/
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