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NEW QUESTION: 1
Maxime Rivela, CFA, is interviewing for a portfolio manager position with a medium-sized investment firm.
At the interview, the hiring manager provides the following list of actions taken by the former portfolio manager. The hiring manager asks Rivela to identify which action most likely was the reason that the previous portfolio manager was asked to resign. The former portfolio manager likely:
A. used the following four-step portfolio management process - write a policy statement, develop the investment strategy, implement the plan, and monitor and update (rebalance) as needed.
B. managed a 40 year old attorney's portfolio with a strategy of a long time horizon and moderate risk.
C. set the objectives for a well-funded, local private college's endowment fund as total return focused primarily in long-term, taxable investments.
D. focused on timing and security selection when constructing a client investment strategy.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Even though these two investment decisions (timing and individual security selection) add value to the portfolio, the real foundation of returns comes from the original asset allocation policy decisions (determining allowable asset classes and weighting these classes). Empirical studies have shown that 85 percent to 95 percent of a portfolio's total return comes from the asset allocation policy decision.
The other choices describe appropriate actions. The 40 year old attorney is most likely in the consolidation phase of the investing life cycle, and a long time horizon and moderate risk strategy are appropriate. The steps in the four-step portfolio management process are correct and are listed in the correct order. The objective and investments for the endowment fund appear appropriate given the information in the question. Since endowments are tax-exempt, it would not necessarily benefit from tax-exempt securities.

NEW QUESTION: 2
You are developing a C# application. The application includes the following code segment, (Line numbers are included for reference only.)

The application fails at line 17 with the following error message: "An item with the same key has already been added." You need to resolve the error.
Which code segment should you insert at line 16?

A. Option B
B. Option C
C. Option D
D. Option A
Answer: D
Explanation:
The dictionary<TKey,TValue>.ContainsKey method (TKey) determines whether the Dictionary<TKey,TValue> contains the specified key.
Reference:
https://msdn.microsoft.com/en-us/library/kw5aaea4(v=vs.110).aspx

NEW QUESTION: 3
The mapping tool for Disclosure Management allows for efficient mapping of data to a taxonomy for reporting. Which statement regarding the mapping process is False?
A. The mapping of notes to a taxonomy concept also requires the mapping of context and units.
B. It is recommended to validate the doclet prior to Check in.
C. Footnotes are required to be blocked and tagged to four levels for proper reporting.
D. The mapping of financial statements to a taxonomy concept also requires the mapping of context and units.
Answer: C