NFPA CFPS Q&A - in .pdf

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  • Exam Code: CFPS
  • Exam Name: Certified Fire Protection Specialist (CFPS)
  • PDF Version: V19.35
  • Q & A: 365 Questions and Answers
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NEW QUESTION: 1
You are deploying an Office 365 tenant that uses an Enterprise E3 subscription. You plan to deploy Office
365 ProPlus to client computers. You create the following Office customization file. Line numbers are included for reference only:

The Office 365 ProPlus deployment must meet the following requirements:
Sales users must use the 32-bit version.

Sales users must not launch Microsoft Access.

Engineering users must not use OneDrive for Business.

Engineering users must be able to monitor the Office installation progress.

Sales users must not be notified of the Office installation.

You need to modify the configuration file to meet the requirements.
Which two lines in the configuration file should you modify? Each correct answer presents part of the solution. (Choose two.)
A. For the engineering users, modify line 10.
B. For the engineering users, modify line 11.
C. For the sales users, modify line 11.
D. For the engineering users, modify line 02.
E. For the sales users, modify line 10.
F. For the sales users, modify line 02.
Answer: A,F
Explanation:
Explanation/Reference:
Explanation:
C: For the Sales users we must change line to OfficeClientEdition="32"
D: For Engineering users the display level must be change from None to Full. If Level is set to Full, the user sees the normal Click-to-Run user interface: Automatic start, application splash screen, and error dialog boxes.
Note: The value "Groove" is used to exclude OneDrive for Business.

NEW QUESTION: 2
A risk manager is deciding between using futures or forward contracts to hedge a forward foreign exchange position. Which of the following statements would be true as he considers his decision:
I. He would need to consider tailing the hedge for the futures contracts while that does not apply to forward contracts II. He would need to consider tailing the hedge for the forward contract while that does not apply to futures contracts III. He would need to consider counterparty risk for the futures contracts while that is unlikely to be an issue for the forward contract IV. He would be likely able to match up maturity dates to his liability when using futures while that may not be so for the forward contracts
A. I only
B. II and IV
C. II only
D. I and III
Answer: A
Explanation:
Explanation
Tailing the hedge refers to adjusting the number of futures contracts required to hedge a position given that futures contracts result in daily cash flows from daily P&L. In the case of forward contracts, P&L is not settled daily but at the end of the contract. Because margin payments (ie the daily P&L) for futures contracts create interest cost or income (depending upon the direction of the flows), the number of contracts required to hedge a given position can fluctuate. This effect is generally small for small positions, or where the time period under consideration is not very long. But it can get large for larger positions that are open for longer time periods, therefore requiring an adjustment to 'tail the hedge'. The adjustment is straightforward - the number of contracts required needs to be divided by (1+r)t, where r is the interest and t the time period (or by ert if continuously compounded rates are being used. Therefore statement I is true and statement II is false.
Statement III is not correct as counterparty risk is certainly an issue for forward contracts, while futures contracts are guaranteed by the exchange, besides having margin requirements and daily P&L movement in place.
Statement IV is not correct as futures come in standardized contracts with standard amounts and a few standard expiry dates to pick, whereas forward contracts are customized and dates, amounts and other details of the contract can be negotiated.

NEW QUESTION: 3
You are developing an application by using Microsoft .NET Framework 4 and Microsoft Visual Studio 2010.
The application contains a grid that displays customer data stored in a database table. Users report that the grid takes a long time to display.
You plan to implement data caching to improve loading time for the grid.
You need to ensure that the cached data expires when the customer data is updated.
What should you do?
A. Use the ADO.NET Entity Framework.
B. Use the System.Web.Caching.CacheDependency class.
C. Use the System.Runtime.Caching.SqlChangeMonitor class.
D. Use a static variable to store the Grid object.
Answer: C
Explanation:
Requirements:
Improve loading time for the grid. You need to ensure that the cached data expires when the customer data
is updated.
A. CacheDependency class: it's a filewatcher one => out
B. Runtime.Caching.SqlChangeMonitor: class Monitors changes to a database. You can use the CacheItemPolicy to specify expiration policies. page 190 => Yes
C. Use the ADO.NET Entity Framework: I wouldn't advise it (caching Entity). The ObjectContext needs to be active to observe changes to any entities you are actively working with or you'd need to disconnect any active entities prior to caching the ObjectContext. Detaching could work provided the original context is disposed properly => out
D. Use a static variable to store the Grid object: Won't help to impove loading time => out

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