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  • Exam Code: C_TS413_2020
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  • Exam Code: C_TS413_2020
  • Exam Name: SAP Certified Application Associate - SAP S/4HANA Asset Management
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NEW QUESTION: 1

A. Option D
B. Option C
C. Option B
D. Option A
Answer: A

NEW QUESTION: 2
A company using G Suite has reports of cyber criminals trying to steal usernames and passwords to access critical business data. You need to protect the highly sensitive user accounts from unauthorized access.
What should you do?
A. Turn on password expiration.
B. Enforce 2FA with Google Authenticator app.
C. Use a third-party identity provider.
D. Enforce 2FA with a physical security key.
Answer: B

NEW QUESTION: 3
IP SLA測定のソースとしてシャドウルーターを使用する利点はどれですか。 (3つ選択してください。)
A. スイッチドトラフィックがローカルトラフィックより優先されるようにします。
B. レイヤ2ネットワークトラフィックのより良い推定を提供します。
C. 実稼働ネットワークトラフィックとは無関係に管理できます。
D. NTP同期ポイントを追加します。
E. 実稼働ルーターからのリソース負荷を相殺します。
F. 別のネットワークインターフェイスを追加することにより、既存のインターフェイスを経由するトラフィックを削減します。
Answer: B,C,E
Explanation:
IP SLA測定のソースとして使用される専用ルーターは、シャドウルーターとも呼ばれます。
シャドウルーターでIP SLAを実装することには、いくつかの利点があります。
専用ルーターは、実装されたIP SLAネットワーク管理操作から実稼働ルーターのリソース負荷を相殺します。専用ルーターは、ネットワークトラフィックに影響を与えずに独立して管理できる中央デバイスです。
デバイスへのSNMP読み取り/書き込みアクセスを許可することは、顧客トラフィックを伝送する実稼働ルーターでSNMP読み取り/書き込みを有効にすることと比較して、それほど大きなセキュリティリスクではないかもしれません。
アクセスポートが管理対象のエンドポイントと同じスイッチ/ラインカードに配置されている場合、レイヤ2スイッチングパフォーマンスのより良い推定値を取得できます。これは、IP SLAパケットも、通常のIPパケットと同じアクセスレイヤでのキューイングを行う必要があるためです。
リファレンス:https://www.cisco.com/en/US/technologies/tk869/tk769/
technologies_white_paper0900aecd806bfb52.html

NEW QUESTION: 4
Marie Williams, CFA, and David Pacious, CFA, are portfolio managers for Stillwell Managers. Williams and Pacious are attending a conference held by Henri Financial Education on the fundamentals of valuation for common stock, preferred stock, and other assets.
During the conference, the presenter uses an example of four different companies to illustrate the valuation of common stock from the perspective of a minority shareholder.
During the conference, the presenter uses an example of four different companies to illustrate the valuation of common stock from the perspective of a minority shareholder.
* Firm A is a noncyclical consumer products firm with a 50 year history. The firm pays a $1.80 dividend per share and attempts to increase dividends by 4% a year. Earnings and dividends have steadily increased for the past
20 years.
* Firm B is a technology firm. It has never paid a dividend and does not expect to in the near future.
Furthermore, due to large investments in new factories and equipment, the firm is not expected to generate positive free cash flow in the foreseeable future.
* Firm C is an industrial firm with currently very little competition and a dividend growth rate of 9% a year.
However, the profits in its product market have started to attract competitors and it is expected that Firm C's profits will slowly decline such that the dividend growth steadily falls each year until it reaches a growth rate of 4% a year.
* Firm D is a pharmaceutical firm that is currently enjoying high profits and paying dividends. However, the firm's strongest selling drug is coming off patent in three years. With no other drugs in the pipeline, the firm's dividend growth rate is expected to drop abruptly in three years and settle at a lower growth rate.
The next day, Pacious decides to put what he learned into practice. The stock he is valuing, Maple Goods and Services, currently pays a dividend of $3.00. The dividend growth rate is 25% and is expected to steadily decline over the next 8 years to a stable rate of 7% thereafter. Given its risk, Pacious estimates that the required return is 5%.
Williams analyzes the value of Mataka Plastics stock. Its dividend is expected to grow at a rate of 18% for the next four years, after which it will grow at 4%. This year's dividend is $5.00 and Williams estimates the required return at 15%.
From the seminar, Pacious learned that a firm's health can be gauged by the present value of its future investment opportunities (PVGO). Tackling a calculation, he uses the following example for Wood Athletic Supplies:
Stock price $90.00
Current earnings $5.50
Expected earnings $6.00
Required return on stock 15%
Pacious and Williams discuss the characteristics of firms in various stages of growth, where firms experience an initial growth phase, a transitional phase, and a maturity phase in their life. They both agree that the Gordon Growth Model is not always appropriate. Pacious makes the following statements.
Statement I: For firms in the initial growth phase, earnings are rapidly increasing, there are little or no dividends, and there is heavy reinvestment. The return on equity is, however, higher than the required return on the stock, the free cash flows to equity are positive, and the profit margin is high.
Statement 2: When estimating the terminal value in the three-stage dividend growth model, it can be estimated using the Gordon Growth Model or a price-multiple approach.
Regarding Pacious's statements on the stages of growth and the Gordon Growth Model, are both statements correct?
A. Yes.
B. No, both statements are incorrect.
C. No, only Statement 2 is correct.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Statement 1 is incorrect. All of Pacious's description of the initial growth phase is correct except that, in this stage, the free cash flows to equity are actually negative. This is due to the heavy capital investment.
Statement 2 is correct. The terminal value in the three-stage dividend growth model can be estimated using either approach. (Study Session 40, LOS 40.k,l)

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