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Exam Code: IAM-Certificate
Exam Name: The Institute of Asset Management Certificate
Vendor: IAM

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NEW QUESTION: 1
What is a result of the process Transition?
A. transition report
B. transition roadmap
C. transition plan
Answer: A

NEW QUESTION: 2
Which of the following is NOT a key recovery method?
A. A secret key or a private key is broken into a number of parts and
each part is deposited with a trustee agent. The agents can then
provide their parts of the key to a central authority, when presented
with appropriate authorization. The key can then be reconstructed
and used to decrypt messages encrypted with that key.
B. A message is encrypted with a session key. The session key, in turn, is broken into parts and each part is encrypted with the public key of a different trustee agent. The encrypted parts of the session key are sent along with the encrypted message. The trustees, when
authorized, can then decrypt their portion of the session key and
provide their respective parts of the session key to a central agent.
The central agent can then decrypt the message by reconstructing
the session key from the individual components.
C. A message is encrypted with a session key and the session key is, in turn, encrypted with the private key of a trustee agent. The encrypted session key is sent along with the encrypted message. The trustee, when authorized, can then decrypt the message by
recovering the session key with the trustee's public key.
D. A message is encrypted with a session key and the session key is, in turn, encrypted with the public key of a trustee agent. The encrypted session key is sent along with the encrypted message. The trustee, when authorized, can then decrypt the message by recovering
the session key with the trustee's private key.
Answer: C
Explanation:
Encrypting parts of the session key with the private keys of the
trustee agents provides no security for the message since the
message can be decrypted by recovering the key components of
the session key using the public keys of the respective agents. These
public keys are available to anyone.
The other answers are valid means of recovering keys, since key recovery refers to permitting access to encrypted messages under predefined circumstances.
Two of these answers are also called key encapsulation since the session key is encapsulated in the public keys of the trustee agents and, therefore, can be decrypted only by these trustee agents with their private keys.

NEW QUESTION: 3
The Puma health plan uses return on investment (ROI) and residual income (RI) to measure the performance of its investment centers. Two of these investment centers are identified as X and Y.
Investment Center X earns $10,000,000 in operating income on controllable investments of $50,000,000, and it has total revenues of $60,000,000. Investment Center Y earns $2,000,000 in operating income on controllable investments of $8,000,000, and it has total revenues of $10,000,000. Both centers have a minimum required rate of return of 15%.
The following statements are about Puma's evaluation of these investment centers. Select the answer choice containing the correct statement.
A. Investment Center Y's RI is greater than Investment Center X's RI.
B. According to the evaluation of ROI, Investment Center Y achieves a higher return on its available resources than does Investment Center X.
C. Because Investment Centers X and Y are different sizes, Puma should not use ROI to compare these investment centers.
D. The ROI for Investment Center X is 16.7%, and the ROI for Investment Center Y is 20.0%.
Answer: B


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