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NEW QUESTION: 1
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet stated goals. Some questions sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
You have Microsoft SQL Server on a Microsoft Azure virtual machine that has a database named DB1.
You discover that DB1 experiences WRITE_LOG waits that are longer than 50 ms.
You need to reduce the WRITE_LOG wait time.
Solution: Add additional log files to DB1.
Does this meet the goal?
A. No
B. Yes
Answer: A
Explanation:
Explanation/Reference:
Explanation:
This problem is related to the disk response time, not to the number of log files.
References: https://www.mssqltips.com/sqlservertip/4131/troubleshooting-sql-server-transaction-log- related-wait-types/
NEW QUESTION: 2
Which of the following laptop displays has a thinner design, consumes less power, and is not transparent?
A. Plasma
B. LED-backlit LCD
C. CCFL-backlit LCD
D. OLED
Answer: B
NEW QUESTION: 3
Which of the following settings are configured using the configuration file? (select three)
A. Seal Type
B. Storage Backend
C. Audit Devices
D. Auth Methods
E. Namespaces
F. Replication
G. Cluster Name
Answer: A,B,G
Explanation:
Seal types, Storage backends, and cluster names are just a few of the configurations done via the configuration file. The others are configured within Vault itself.
NEW QUESTION: 4
Lucy Sakata, CFA and Gary Lowenstein, CFA are portfolio managers for the Murray Funds, a provider of investment funds to institutional and wealthy individual investors. Murray frequently indexes in developed markets, but uses full blown active management in less efficient markets and when they think their analysts have a particular expertise. The vast majority of Murray's clients attempt to minimize tracking error.
One of the Murray's funds invests in a Hong Kong index and is marketed as a way for investors to participate in the growth of the Asian economies. The index represents the best known Hong Kong stocks and Murray uses a full replication strategy for the fund. The index is a market cap-weighted index and ten firms represent over 70% of the index's total market cap_Sakata would like to market the Hong Kong fund to institutions with a required minimum investment of $50 million. Many potential clients are institutions who outsource their foreign equity management and are subject to maximum holdings on individual stocks.
Murray also has a Canada fund that invests in an index which represents the 25 largest cap stocks in Canada. It is marketed as a way for investors to exploit the growth in demand for commodities. The index adjusts for stock splits and repurchases as necessary. Most of the index's return has come from capital gains, rather than dividends, due to the tremendous increase in global demand for commodities. To encourage long-term holding, Murray places a back-end load of 3% on fund redemptions that are made within two years of initial investment.
Sakata and Lowenstein discuss the fundamental law of active management and how it applies to three hypothetical managers who invest against the broad large-cap U.S. market, as represented by the S&P
500 index.
* Manager A under-weights and over-weights the 500 individual stocks of the S&P 500 index as she sees appropriate, keeping industry exposures similar to those of the index. She has an information coefficient of
0.05 and is restricted to long-only positions.
* Manager B holds cash and long S&P 500 futures. He tries to generate excess returns by altering the duration of the cash position and has an information coefficient of 0.05.
* Manager C has an information coefficient of 0.07, and she uses a long-short strategy for the 500 stocks in the S&P 500 index.
Sakata is consulting with the trustees of the Powell Foundation. The foundation has a position in the three Murray funds described in Exhibit 1 below.
Exhibit 1: Powell Foundation Holdings
Murray has a value fund that invests in stocks in the U.S. Lowenstein is considering several equity style index providers as a benchmark for the fund. The characteristics of the index providers and the methodologies they use to construct equity style indices are described in Exhibit 2 below.
Exhibit 2: Comparison of Index Providers
In regard to the index providers, Lowenstein makes the following statements:
Statement 1: "I would like to use the indices from either provider in a returns-based style analysis. Based on the information in the table, I believe that if I regress a value manager's returns against Provider B's indices, the manager's selection return will appear artificially large." Statement 2: "If an index provider uses buffering rules, a fund tracking that index will experience lower transactions costs." Determine which of the three managers will most likely have the highest information ratio.
A. Manager C.
B. Manager B.
C. Manager A.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
The fundamental law of active management states that an investors information ratio is a function of her depth of knowledge (the investor's information coefficient) and the number of independent investment decisions (the investors breadth).
Professor's Note: Think of the information coefficient as the correlation between the managers forecasted and actual returns.
The derivatives-based enhanced indexing strategy of Manager B will have less breadth than the (stock- based) enhanced strategies of Managers A and C Note that Manager B has the same information coefficient as Manager A, so Manager A should have a higher information ratio than Manager B.
Manager C uses a long-short strategy, which attempts to exploit the short selling constraints faced by many managers. The long-only strategy of Manager A can only earn a long alpha, but both managers actively follow and analyze 500 stocks. This means their breadth is the same. Due to a higher information coefficient than Manager B, Manager C will have a higher information ratio, so C has the highest ratio among the three managers. (Study Session 11, LOS 33m and p)
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