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NEW QUESTION: 1
Derek Bonney, CFA, is writing an investment policy statement for one of his high net worth clients, Joey Rook. Rook is a retiree who receives Social Security benefits but because he was self-employed, has no pension income. Rook's social security benefits cover all but $1,000 of his monthly living expenses. He has a portfolio of SI.2 million, an effective tax rate of 30%, and recently purchased a vacation cabin with mortgage and maintenance expenses of $6,000 per month. After meeting with his client, Bonney writes the following policy statement: "The total return objective is to earn 7% after-tax. At no time should the principal amount decline in value by more than 15%." The most valid criticism of this return objective statement is that:
A. it considers only the after-tax return.
B. the return objective is too conservative.
C. it fails to consider Rook's current income needs.
Answer: C

NEW QUESTION: 2
The following SAS program is submitted:
proc sort data = work.employee;
by descending fname;
proc sort data = work.salary;
by descending fname;
data work.empdata;
merge work.employee
work.salary;
by fname;
run;
Why does the program rail to execute?
A. The data sets were not merged in the order by which they were sorted.
B. The merged data sets are not permanent SAS data sets.
C. The SORT procedures contain invalid syntax.
D. The RUN statement was omitted alter each or the SORT procedures.
Answer: A

NEW QUESTION: 3
What are wires used for when developing a custom set of pages in the WebGUI portal?
A. to link portlets in different workspaces
B. to route or connect client-side events between source and target portlets
C. to create a link to publish content from one page to another
D. to allow the communication of information between two different users using the same custom portal page
Answer: B

NEW QUESTION: 4
What can be done to prevent applications from failing when DB2 cannot create a new log file?
A. Set LOGBUFSZ to -1
B. Set BLK_LOG_DSK_FUL to YES
C. Set LOGSECOND to -1
D. Set MAX_LOG to 0
Answer: B

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