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Exam Code: CTFL-AuT
Exam Name: ISTQB Certified Tester Foundation Level - Automotive Software Tester
Certification Provider: ISQI
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NEW QUESTION: 1
Which of the following application software features is the least effective control to protect passwords?
A. Forced change of passwords after a designated number of days.
B. Suspension of user IDs after a user's repeated attempts to sign on with an invalid password.
C. Encryption of passwords prior to their transmission or storage.
D. Automatic logoff of inactive users after a specified time period of inactivity.
NEW QUESTION: 2
Kim Simpson, CFA, manages a $75 million multi-cap growth portfolio. Simpson utilizes a growth at a reasonable price (GARP) investment strategy and her investment universe consists of small, medium and large capitalization stocks. She turns the entire portfolio over once each year. Simpson is concerned about the amount of trading costs she has generated through the implementation of her investment strategy.
Simpson decides to conduct a trade cost analysis with the cooperation of her trader, Janet Long, CFA.
Simpson believes the results of the trading analysis can be used to improve trading performance and help to refine her investment strategy. The first trade they examine is a purchase of 2000 shares of Technology Company that was completed using a market order. Simpson remembers adding to her Technology Company position based on her analyst's recommendation that the company was going to generate earnings significantly above the consensus estimate in a soon to be released earnings report. The order was split into two trades as shown in Figure 1.
Figure 1: Technology Company buy order for 2000 shares
In conducting a comprehensive analysis of the trading markets, Simpson states that she is most concerned about market liquidity. Simpson defines a market with good liquidity as one with diversity of opinion, many buyers/sellers and relatively wide bid-ask spreads. In addition to reviewing market liquidity, Simpson believes that, in order to assess market quality, both the ease with which investors can obtain accurate information and the certainty that a trade will be completed must be evaluated.
Simpson and Long review their trade of Nano Corporation, a small biotechnology company. Simpson used a limit order because her analyst had established a specific buy target and she wanted to hold down transaction costs. To handle both explicit and implicit trading costs, Simpson measures execution costs using implementation shortfall. The buy order for 100,000 shares of Nano stock has the following timeline:
* Nano stock price closes at $35.00 per share.
* Day one: Simpson places a limit order for 100,000 shares of Nano stock at $34.75 per share or better at the opening of trading. However, Nano's stock never falls below $35.00 per share and closes at $36.50 per share.
* Day two: Simpson adjusts her limit order price to $37.00 per share or better. Long is able to fill 50,000 shares of the order at $36.75 per share. Nano's stock climbs to $38.00 per share during the day and Simpson moves the limit price to $40.00 per share or better. Long completes the purchase of the remaining 50,000 shares of Nano at $40.00 per share, which is also the closing price of Nano's stock.
* The commission for each block trade is $2,500.
Long suggests implementing the Best Execution concept as established by the CFA Institute in its Trade Management Guidelines. Long states best execution would accept a high portfolio turnover strategy provided the overall portfolio value is greater after trading costs. Long asserts that her professional relationships are integral to best execution.
The explicit cost component of the total implementation shortfall for the Nano Corporation trade is closest to:
Implementation shortfall can be decomposed into explicit costs, realized profit/loss, delay costs, and missed trade opportunity cost (MTOC).
Paper portfolio investment = (35x100,000) = 3,500,000
Total implementation shortfall = 0.00143 + 0.05357 + 0.04286 + 0 = 0.09786 (Study Session 16, LOS 45-f)
NEW QUESTION: 3
You have an Azure subscription named Subscription1.
Subscription1 contains the virtual machines in the following table:
Subscription1 contains a virtual network named VNet1 that has the subnets in the following table.
VM3 has multiple network adapters, including a network adapter named NIC3. IP forwarding is enabled on NIC3. Routing is enabled on VM3.
You create a route table named RT1 that contains the routers in the following table.
You apply RT1 to Subnet1 and Subnet2.
For each of the following statements, select Yes if the statement is true. Otherwise, select No.
NOTE: Each correct selection is worth one point.
IP forwarding enables the virtual machine a network interface is attached to:
* Receive network traffic not destined for one of the IP addresses assigned to any of the IP configurations assigned to the network interface.
* Send network traffic with a different source IP address than the one assigned to one of a network interface's IP configurations.
The setting must be enabled for every network interface that is attached to the virtual machine that receives traffic that the virtual machine needs to forward. A virtual machine can forward traffic whether it has multiple network interfaces or a single network interface attached to it.
Box 1: Yes
The routing table allows connections from VM3 to VM1 and VM2. And as IP forwarding is enabled on VM3, VM3 can connect to VM1.
Box 2: No
VM3, which has IP forwarding, must be turned on, in order for VM2 to connect to VM1.
Box 3: Yes
The routing table allows connections from VM1 and VM2 to VM3. IP forwarding on VM3 allows VM1 to connect to VM2 via VM3.
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