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NEW QUESTION: 1
Where must the spanning-tree timers be configured if they are not using the default timers?
A. Changing the default timers is not allowed.
B. Timers must be modified manually on each switch.
C. They must be on any non-root bridge.
D. They must be on the root bridge.
Answer: D

NEW QUESTION: 2
Cynthia Farmington, CFA, manages the Lewis family's $600 million securities portfolio. Farmington and the Lewis family have agreed that they should hire a manager of alternative investments to manage a portion of the portfolio containing those assets. As part of the hiring process, they attempted to do the necessary due diligence. They assessed each manager's organization, the relative efficiency of the markets each manager has invested in, the character of each manager, and the service providers, such as lawyers, that each manager has used. In particular, they hoped to find a manager who has run an operation with low employee turnover, has invested in efficient and transparent markets, has sound character, and has utilized reputable providers of external services.
Eventually, Farmington hires the firm owned and managed by Bruce Carnegie, CFA, to diversify the Lewis portfolio into alternative investments. Carnegie will manage the portion of the portfolio containing these assets, and Farmington will continue to manage the remainder of the portfolio in a mix of approximately
50/50 high-grade stocks and bonds. Over the past ten years, the stock portion of the portfolio has closely tracked the S&P 500 and the bond portfolio has closely tracked a broad bond index.
Carnegie and Farmington meet to discuss how Carnegie should proceed. Farmington mentions that she and the Lewis family have agreed that the main goal of the alternative investments that Carnegie will manage should be to enhance the return of the overall portfolio. Diversification is only a secondary goal. In particular, Farmington says the Lewis family has expressed an interest in having the portfolio take positions in private equity. Farmington says that she envisions that Carnegie should take five positions of about 55 million each in distinct private equity investments, and each position should have about a 5-year horizon.
Farmington states that she has grown very dependent on benchmarks for her investing activities, and has concerns with respect to how she and Carnegie will monitor the success of the portfolio allocation in private equity. She has read that there can be a problem with the valuation of private equity indices in that they depend on price-revealing events like IPOs, mergers, and new financing. Thus, the repricing of the index occurs infrequently. Carnegie concludes that the solution is to follow the commonly accepted practice of creating their own private equity benchmark.
Farmington asks Carnegie to explain the choices that exist in the private equity market. Carnegie explains that there are two basic categories: venture capital funds and buyout funds. Farmington asks that Carnegie explain the pros and cons of one over the other. Carnegie states that buyout funds would probably have higher return potential, fewer losses, earlier cash flows, and less error in the measurement of the returns.
Carnegie comments that before he proceeds he will need to communicate with the clients. Farmington says this communication is not necessary because the Lewis family has largely followed her advice with very few questions. Even when the market has fallen and the portfolio has not done well, the Lewis family has not asked for any changes.
With respect to the criteria that Farmington used to choose a manager of alternative assets, which of the following is not a due diligence checkpoint? Finding a manager who:
A. invests only in efficient and transparent markets.
B. has stable providers of external services.
C. has low turnover of his/her staff.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
A representative set of checkpoints for selecting an alternative investment manager would include assessing the market opportunity, the investment process, the organization, the people, the terms and structure, the ancillary service providers, and the documents. Low market efficiency is a common feature of many alternative investments. In fact, the reason that alternative investments present market opportunities is that their markers are not efficient. (Study Session 14, LOS 40.b)

NEW QUESTION: 3
How is the default eMail address in the eMail Subsystem Configuration page used?
A. It is the From address for emails sent by agents using Agent E-mail.
B. It is used if no email contact is specified in the Create eMail step.
C. It becomes the From address in the Send eMail step if no address is specified.
D. It receives all mail sent in the Send eMail step as a bcc.
Answer: C
Explanation:
Section: (none)

NEW QUESTION: 4
The following is about using the AP6310SN to create a new WLAN room subsystem. What is wrong with this?
A. Under normal circumstances, the distance between the AP and the far-end room sub-antenna is controlled within 50 meters, and it is recommended not to exceed 60 meters.
B. The number of antennas in a single AP band is 4~8, and it is recommended that no more than 10 antennas under normal circumstances.
C. In a typical room sub-scenario, it is recommended that the output power of each antenna be basically the same, and the output power is controlled at 12~18dBm. The specific power selection and field Strong demand is related to the wall structure
D. There is interference between the room division antennas of the same AP, so it cannot be placed intensively according to requirements.
Answer: D