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Exam Code: CIS-HAM
Exam Name: Certified Implementation Specialist - Hardware Asset Management
Vendor: ServiceNow

60 Questions & Answers
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NEW QUESTION: 1
Sharon Foster, 56, is an executive at a large Biotech firm. Foster plans to retire in five years, to travel and spend time with her grandchildren. Foster is in excellent health, although her husband died several years ago. Foster's only significant asset is her employer's 401(k) retirement plan. Her salary is more than adequate to cover her living expenses until she retires, but she does not anticipate that she will accumulate any additional savings beyond her retirement account. The balance in her account currently is $3.2 million, but Foster estimates that by the time she retires the account will have grown to $4.5 million. She expects that her pretax living expenses, including a liberal travel budget, will be $150,000 per year, beginning when she retires. She is willing to take risk to achieve her financial goals. Her retirement account is currently invested 80% in stocks and 20% in bonds. Foster estimates her post-retirement income tax rate to be 35%, which is about the same as her current tax rate.
As she is starting to plan her retirement, Foster has turned to her longtime friend, Don Welch, CFA, who is a portfolio manager at Scientific Investments, LLC. Welch is considering three different mutual funds for Foster's account. All three are well-diversified funds of large capitalization stocks. The expected returns and standard deviations of each fund are shown below in Exhibit 1. Welch assumes a risk-free rate of return of 3.0%.

Welch believes in stock market efficiency, but he also believes that individual securities are mispriced by the market from time to time. He has recently reviewed research related to the Treynor-Black (TB) model of security selection and portfolio optimization. Welch refers to a prospectus from Fund D, which uses the TB framework in developing its portfolios. In discussing their use of the TB model, the prospectus cites an example where an active portfolio of five stocks is combined with a passive, index portfolio. The portfolio weights of the stocks are in Exhibit 2.

Welch further notes that the beta of the active portfolio is 0.90, although the standard deviation of the portfolio's returns is high. Of the five stocks shown in the portfolio, three have positive alphas, and two have negative alphas. A footnote to the sample data states that the sample assumes that the analysts* alpha forecasts are perfect.
Welch is reviewing Foster's account, together with the mutual fund data, in an attempt to develop a long- term investment plan for Foster.
If Welch was to ban short sales from the five-stock portfolio and equally weight the remaining stocks, indicate the amount of performance lost due lo a ban on short sales.
A. 13%.
B. 6%.
C. 7%.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Securities with negative alphas should be shorted in the active portfolio, to take advantage of their negative expected returns, however Welch is considering banning short sales. The cost of banning short sales is:
Alpha with short sales: (0.5 x 0.06) + (-0.25 x -0.06) + (0-5 x 0.08) + (0.5 x 0.07) + (-0.25 K -0.04) = 0.13 Alpha without short sales: (0.33333 x 0.06) + (0.33333 x 0.08) + (0.33333 x 0.07) = 0.07 Lost performance = 0.13 - 0.07 = 0.06 (Study Session 18, LOS 67.b,c)

NEW QUESTION: 2
Which of the following is NOT an advantage of block media recovery (BMR)?
A. A and C
B. Datafiles remain offline while corrupt blocks are repaired.
C. Reduced MTTR.
D. Datafiles remain online while corrupt blocks are repaired.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Overview of Block Media Recovery (link)
Purpose of Block Media Recovery
You can use block media recovery to recover one or more corrupt data blocks within a data file. Block media recovery provides the following advantages over data file media recovery:
Lowers the mean time to recover (MTTR) because only blocks needing recovery are restored and

recovered
Enables affected data files to remain online during recovery

Without block media recovery, if even a single block is corrupt, then you must take the data file offline and restore a backup of the data file. You must apply all redo generated for the data file after the backup was created. The entire file is unavailable until media recovery completes. With block media recovery, only the blocks actually being recovered are unavailable during the recovery.
Block media recovery is most useful for physical corruption problems that involve a small, well-known number of blocks. Block-level data loss usually results from intermittent, random I/O errors that do not cause widespread data loss, and memory corruptions that are written to disk. Block media recovery is not intended for cases where the extent of data loss or corruption is unknown and the entire data file requires recovery. In such cases, data file media recovery is the best solution.

NEW QUESTION: 3
ある企業がWebアプリケーションをAWSに移行したいと考えています。アプリケーションはセッション情報を各Webサーバーにローカルに保存するため、自動スケーリングが困難になります。移行の一環として、Webサーバーからセッションデータを分離するようにアプリケーションが書き直されます。同社は、低遅延、スケーラビリティ、および可用性を求めています。
費用対効果の最も高い方法でセッション情報を保存するための要件を満たすのはどのサービスですか?
A. Amazon RDS MySQL
B. Amazon S3
C. Redisエンジンを搭載したAmazon ElastiCache
D. Memcachedエンジンを搭載したAmazon ElastiCache
Answer: C
Explanation:
Explanation
Reference https://aws.amazon.com/caching/session-management/


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