According to the AIMR-PPS, ________ accounting must be used for fixed-income and all other securities that accrue income.
Answer(s): C
Accrual accounting must be used for fixed-income and all other securities that accrue income. Accrued income must be included in the market value calculation of the denominator and the numerator. This is a requirement for calculation of returns.
Standard III includes which of the following?
Answer(s): E
Standard III deals with Obligation to Inform Employer of Code and Standards, Duty to Employer, Disclosure of Conflicts to Employer, Disclosure of Additional Compensation Arrangements and Responsibilities of Supervisors.
According to The Code of Ethics, members of AIMR shall: "Use reasonable care and exercise ________."
According to The Code of Ethics, members of AIMR shall: "Use reasonable care and exercise independent professional judgment."
Carlos recently attended a seminar on a new technique in identifying possible relative mispricings amongst stocks. Impressed by the presentation, he used the technique to suggest that two of his biggest clients rebalance their portfolios with a heavier emphasis on the stocks the technique identified as being mispriced. While presenting this suggestion to his clients, Carlos did not mention anything about the source of the ideas used. Before recommending the changes, he did not personally check the results nor did he try to find out if there were any significant caveats or assumptions associated with the methodology. He has:
Answer(s): D
By not mentioning the sources of the results used, Carlos violated AIMR Standard II (C) related to Plagiarism.By not exercising reasonable care in verifying the soundness of his recommendations, he violated Standard IV (A.1). However, Standard II (B) - Professional Misconduct - and Standard IV (B.1) - Fiduciary duties are not directly relevant to this situation.
Tiarera has just landed a big account for her fund and is in a joyous mood. To celebrate, she decides to go out to a bar with some of her friends and share some drinks. Tiarera, however, has a weak constitution and cannot handle alcohol very well. In fact, many times in the past, she has gotten into drunken altercations at bars. Tonight turns out to be no different; Tiarera and her friends are arrested for disorderly conduct and convicted for misdemeanor. Tiarera has
Answer(s): A
A single instance of misdemeanor is generally not serious enough to constitute a violation of Standard II (B).However, Tiarera has shown a pattern of professional misconduct that reflects poorly on her firm and her profession, thus violating the AIMR standard.
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question 4 answer is c. this site shows the correct answer as b. "adopt a consumption model" is clearly a cost optimization design principle. looks like im done using this site to study!!!
number 52 answer is d
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question 35 is incorrect, the correct answer is c, it even states so: explanation: when a vm is infected with ransomware, you should not restore the vm to the infected vm. this is because the ransomware will still be present on the vm, and it will encrypt the files again. you should also not restore the vm to any vm within the companys subscription. this is because the ransomware could spread to other vms in the subscription. the best way to restore a vm that is infected with ransomware is to restore it to a new azure vm. this will ensure that the ransomware is not present on the new vm.
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anyone use this? the question dont seem to follow other formats and terminology i have been studying im getting worried
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#229 in incorrect - all the customers require an annual review
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question #3 refers to vnet4 and vnet5. however, there is no vnet5 listed in the case study (testlet 2).
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qs 4 answer seems wrong- please check
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i just wrote this exam and it is still valid. the questions are exactly the same but there are about 4 or 5 questions that are answered incorrectly. so watch out for those. best of luck with your exam.
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