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  • Exam Code: L4M1
  • Exam Name: Scope and Influence of Procurement and Supply
  • Version: V15.35     Q & A: 208 Questions and Answers

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NEW QUESTION: 1
A spanning tree topology can be simplified by deploying what Cisco IOS technology in the distribution block?
A. vPC
B. VDC
C. VSS
D. Rapid PVST+
E. Flex Links
Answer: C
Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION: 2
MACsec内で利用できるキーイングメカニズムはどれですか? (2つ選択)
A. Diffie-hellman
B. MKA
C. GDOI
D. SAP
E. IKE
Answer: B,E

NEW QUESTION: 3
Geneva Management (GenM) selects long-only and long-short portfolio managers to develop asset allocation recommendations for their institutional clients.
GenM Advisor Marcus Reinhart recently examined the holdings of one of GenM's long-only portfolios actively managed by Jamison Kiley. Reinhart compiled the holdings for two consecutive non-overlapping five year periods. The Morningstar Style Boxes for the two periods for Kiley's portfolio are provided in Exhibits 1 and 2.
Exhibit 1: Morningstar Style Box: Long-Only Manager for Five-Year Period 1

Exhibit 2: Morningstar Style Box: Long-Only Manager for Five-Year Period 2

Reinhart contends that the holdings-based analysis might be flawed because Kiley's portfolio holdings are known only at the end of each quarter. Portfolio holdings at the end of the reporting period might misrepresent the portfolio's average composition. To compliment his holdings-based analysis, Reinhart also conducts a returns-based style analysis on Kiley's portfolio. Reinhart selects four benchmarks:
1. SCV: a small-cap value index.
2. SCG: a small-cap growth index.
3. LCV: a large-cap value index.
4. LCG: a large-cap growth index.
Using the benchmarks, Reinhart obtains the following regression results:
Period 1: Rp = 0.02 + H0.01(SCV) + 0.02(SCG) + 0.36(LCV) + 0.61(LCG)
Period 2: Rp = 0.02 + 0.01(SCV) + 0.02(SCG) + 0.60(LCV) + 0.38(LCG)
Kiley's long-only portfolio is benchmarked against the S&P 500 Index. The Index's current sector allocations are shown in Exhibit 3.
Exhibit 3: S&P 500 Index Sector Allocations

GenM strives to select managers whose correlation between forecast alphas and realized alphas has been fairly high, and to allocate funds across managers in order to achieve alpha and beta separation. GenM gives Reinhart a mandate to pursue a core-satellite strategy with a small number of satellites each focusing on a relatively few number of securities.
In response to the core-satellite mandate, Reinhart explains that a Completeness Fund approach offers two advantages:
Advantage 1: The Completeness Fund approach is designed to capture the stock selecting ability of the active manager, while matching the overall portfolio's risk to its benchmark.
Advantage 2: The Completeness Fund approach allows the Fund to fully capture the value added from active managers by eliminating misfit risk.
Which one of the following statements about Kiley's long-only portfolio is most correct1? Kiley's portfolio:
A. is only exposed to unsystematic risk.
B. is only exposed to systematic risk.
C. attempts to earn a positive alpha through security selection.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The way a long-only portfolio earns a positive alpha is through the selection of undervalued securities.
Stock selection is how Kiley generates his performance. Kiley's portfolio is potentially exposed to both systematic and unsystematic risk. (Study Session ll.LOS33.rn)

NEW QUESTION: 4
サブスクリプション内のすべての新しいAzure Resource Managerリソース展開の月次レポートを生成するためのソリューションを推奨する必要があります。
あなたは推薦に何を含めるべきですか?
A. Azureのアクティビティログ
B. 変更追跡管理ソリューション
C. Azureアドバイザ
D. Azure Monitorアクショングループ
Answer: B
Explanation:
The Azure Activity Log provides insight into subscription-level events that have occurred in Azure. This includes a range of data, from Azure Resource Manager operational data to updates on Service Health events.
Activity logs are kept for 90 days. You can query for any range of dates, as long as the starting date isn't more than 90 days in the past.
References:
https://docs.microsoft.com/en-us/azure/azure-resource-manager/resource-group-audit

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