CIPS L4M2 Q&A - in .pdf

  • L4M2 pdf
  • Exam Code: L4M2
  • Exam Name: Defining Business Needs
  • PDF Version: V19.35
  • Q & A: 365 Questions and Answers
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NEW QUESTION: 1
As part of designing a reverse stress test, at what point should a bank's business plan be considered unviable (ie the point where it can be considered to have failed)?
A. When the regulatory capital of the bank has been exhausted
B. Where large known losses have been incurred on the bank's positions
C. When the realization of risks leads market participants to lose confidence in the bank as a counterparty or a business worthy of funding
D. Where EBITDA for the year is forecast to be negative
Answer: C
Explanation:
Explanation
As part of a reverse stress test, a firm has to identify and assess the scenarios most likely to cause it to fail, or in other words using the language used by the FSA in the UK, for its current business plan to become unviable. A firm's business plan should be considered to become unviable at the point that crystallizing risks cause the market to lose confidence it it, with the consequence that counterparties and other stakeholders are unwilling to transact with it or provide capital to the firm and, where releant, that existing counterparties may seek to terminate their contracts. Recent experience suggests that this point is reached well before a firm's regulatory capital is exhausted.
Large known losses, or negative EBITDA (earnings before interest , tax, depreciation and amortization) may be indicators or contribute to the loss of confidence, but do not of themselves make the current business plan unviable. Therefore Choice 'd' is the correct answer.

NEW QUESTION: 2
When should an organization consider it necessary to fully embed MoV?
A. The scale of MoV applications become large and frequent enough to justify an internal delivery capability
B. MoV is running only on a project-by-project basis
C. Senior Management ask to be convinced of the merits of MoV before committing to the process
D. The organization anticipates that their MoV needs will be minimal and external resource can be procured on an 'as-needed' basis
Answer: A

NEW QUESTION: 3
A backup administrator has added a large database server with a low change rate to their Avamar server as a new backup client. The database server is located remotely and the network connection is not consistent. The server backup continuously runs into overtime and fails due to network issues. As a result, the initial backup has not completed. The backup administrator asks you for advice on how to ensure successful backups.
What should you tell the backup administrator?
A. Disable overtime for the client
B. Perform incremental backups
C. Copy cache files from a similar database server
D. Continue from partial backups
Answer: A

NEW QUESTION: 4
You work as an Office Assistant for Company Inc. You have created a presentation named Profit & Loss Report through PowerPoint 2010. Before presenting the presentation to your viewers, you want to set the size of the slide to 35mm and the screen orientation to portrait. Mark the correct button on the Design tab to accomplish the task.

Answer:
Explanation:

Explanation:
The Page Setup button is used to specify all the slide style and size formatting options. After clicking the Page Setup button, the following Page Setup dialog box opens:

The Slide Orientation button can also be used if you want to change the slide orientation only. However, according to the scenario, it is required to change both the slide size and slide orientation. Hence, you will use the Page Setup button.
The Themes group is used to change the overall design of the slides.
The Background Styles button is used to change the background of the slide.
Chapter: PRESENTATION, ADVANCED - LEVEL
Objective: Slides

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