Exam Code: L3M5
Exam Name: Socially Responsible Procurement
Version: V13.25
Q & A: 72 Questions and Answers
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NEW QUESTION: 1
Which of the following is not a form of passive attack?
A. Data diddling
B. Scavenging
C. Sniffing
D. Shoulder surfing
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Details: Data diddling involves alteration of existing data and is extremely common. It is one of the easiest types of crimes to prevent by using access and accounting controls, supervision, auditing, separation of duties, and authorization limits. It is a form of active attack. All other choices are examples of passive attacks, only affecting confidentiality.
References: HARRIS, Shon, All-In-One CISSP Certification Exam Guide, McGrawHill/Osborne, 2002, Chapter 10: Law, Investigation, and Ethics (page 645).
NEW QUESTION: 2
A customer has deployed Avaya Equinox Team Engagement Solution and they want to test the Multimedia feature on their Equinox Clients. The customer uses messaging domain "trn.avaya.com".
When a user, Bill Evans, tries to send an IM from the Thick Client to John Doe (Web Client) it returns the error message: "Send Failed". The customer decides to troubleshoot the issue and they get the following AMM configuration parameters when they verify for Bill Evans using https://<AMM-IP>:8443/aem/resources.
Which reason is a valid reason for the customer problem?
A. The customer has configured a wrong AMM Server port number "8443"
B. The customer has configured a wrong AMM Server messaging URL
C. The customer has configured a wrong AMM messaging domain "avaya.com"
D. The customer has configured a correct AMM messaging domain "avaya.com"
Answer: C
NEW QUESTION: 3
ACME Financial is developing new products for its partners to leverage their in-house transaction processing services. The products are built on top of WebSphere MQ Hypervisor Edition and WebSphere Application Server Community Edition and also include some third-party products. ACME Financial wants to quickly build out and replicate these new patterns and deploy them in their private cloud for consumption by their partners. What would be the best way for them to achieve that goal?
A. Leverage the extend and capture functionality in IBM PureApplication System to create a custom image with all the required components for future deployment to the private cloud
B. IBM PureApplication System does not have the necessary hooks to achieve this goal
C. Leverage IBM Image Construction and Composition Tool (ICCT) to create a custom image with all the required components and capture it in IBM PureApplication System for future deployment to the private cloud
D. Leverage Tivoli Service Automation Manager to capture the running environment for future deployment to the private cloud
Answer: C
NEW QUESTION: 4
Jonathan Weil, CFA, is the managing director of Weil Capital Management (WCM). Weil has decided to reevaluate the asset backed security (ABS) positions in his investors' portfolios since a recent, and severe, credit problem in the subprime lending industry has had ripple effects on other fixed-income markets. Weil expects the interest rate term structure to remain flat, but shift upward as credit terms tighten. Weil has asked one of his analysts, Vanessa Ordon, to assist him in analyzing potential ABS investments, including some products he is unfamiliar with.
Ordon provides an assessment of ABS backed by auto loans, credit card receivables, and closed end home equity loans. Ordon has assembled the following information on the collateral, credit enhancements, and prepayment risk associated with each type of ABS.
Ordon has also assembled the following information on the structure of a closed end home equity loan (HEL) asset backed security. Ordon has presented the security to Weil as a potential investment opportunity, but Weil is concerned about its default and prepayment risks. The HEL ABS does not have a shifting interest mechanism.
Ordon has also developed an assessment of mortgage backed securities (MBS). Ordon has assembled the following information related to a mortgage backed security.
Which of the following best describes the initial reaction of the home equity loan backed ABS Ordon presented to Weil if there is a collateral default of $30 million?
A. The principal value of Tranche E will fall to $24 million.
B. The principal value of Tranche D will fall to $31 million.
C. The principal value of Tranche E will fall to $49 million.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The home equity loan ABS has an internal credit enhancement known as over-collateralization. The principal of the collateral equals $475 million. The principal of the tranches, however, totals only $450 million (180 + 112.5 + 67.5 + 36 + 54). The over-collatcralization feature is included in ABS to protect the tranches from collateral defaults. Thus $25 million of the $30 million default stated in the question would first be absorbed by the extra collateral. This leaves a $5 million default that must be absorbed by one of the tranches. Tranche E has been subordinated to Tranches A - D, a structure known as credit tranching.
Losses resulting from defaults (a credit event) are absorbed by Tranche E first until the principal backing the tranche is exhausted. The remaining $5 million default gets absorbed by Tranche E, reducing the principal to $49 million (54 - 5). (Study Session 15, LOS 56.b,e)
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