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NEW QUESTION: 1
I. A health insurance provider undertakes enhancements to its mobile application platform and finalizes the following capabilities as part of the scope of the next release:
L Ability to integrate online maps and global positioning system (GPS) technology with the mobile application in real time to display location of service providers in the subscriber's that participate in the subscriber's plan network.
Ability for the subscriber to lookup the service providers by specifying either a postal code on a search area radius in miles.
III. Ability for the subscriber to initial the download of fee information for one more service providers in a single request.
Through requirements workshops the business analyst elicits the following detailed business requirements:
1. The company's mobile application platform must support real time integration with the following third party systems:
A. GPS System
B. Decision Analysis
C. Capability Analysis
D. Process Analysis
E. Postal Code Validation
2. The service providers available for selection must participate in the subscriber's medical plan network as of the current system date.
3. The map display shall highlight the boundary of the search area with a dotted yellow line.
4. The extent and shape of he searches area shall be determined based on one of the following user choices:
A postal code-Subscriber location acquired from GPS shall be used to determine and populate........................
Which of the following is the appropriate technique to define communication flows between the Postal Code validation system with other systems?
F. Interface Analysis
Answer: C

NEW QUESTION: 2
Powerful Performance Presenters (PPP) is a performance attribution and evaluation firm for pension consulting firms and has recently been hired by Stober and Robertson to conduct a performance attribution analysis for TopTech. Tom Harrison and Wendy Powell are the principals for PPP. Although performance attribution has come under fire lately because of its shortcomings, Stober believes PPP provides a needed service to its clients. Robertson shares Stober's view of performance attribution analysis.
Stober and Robertson request that Harrison and Powell provide a discussion of performance measures.
During a conversation on complements to attribution analysis, Harrison notes the uses of the Treynor ratio.
He states that the Treynor ratio is appropriate only when the investor's portfolio is well diversified. Powell states that the Sharpe ratio and the Treynor ratio will typically yield the same performance rankings for a set of portfolios.
Stober requests that PPP do some performance attribution calculations on TopTech's managers. In order to facilitate the analysis, Stober provides the information in the following table:

Harrison states one of PPP's services is that it will determine if TopTech has chosen a valid benchmark.
Stoher volunteers that indeed his firm's benchmark possesses the properties of a valid benchmark and describes its composition. The benchmark has the following characteristics:
* It uses the top 10% of U.S. portfolio managers each year in each asset class as the benchmark for TopTech managers;
* TopTech is very careful to make sure that its managers are familiar with the securities in each benchmark asset class;
* The identities and weights of various securities in the TopTech benchmark are clearly defined.
During a presentation to Stober, Robertson, and other TopTech executives, Harrison and Powell describe how macro attribution analysis can decompose an entire fund's excess returns into various levels. In his introduction, Robertson delineates the six levels as net contributions, risk-free return, asset categories, benchmarks, investment managers, and allocations effects.
Robertson states that TopTech has performed impressively at the investment managers level tor three years in a row. Harrison and Powell then describe the levels in greater detail. Harrison describes the benchmark level as the difference between active managers' returns and their benchmark returns. Powell states that the investment managers' level reflects the returns to active management on the part of the fund's managers, weighted by the amount actually allocated to each manager.
At the request of Stober, Harrison and Powell explore alternatives to the benchmark TopTech is currently using for its small-cap value manager. After some investigation of the small-cap value manager's emphasis, Harrison and Powell derive four potential custom benchmarks and calculate two measures to evaluate the benchmarks: (1) the return to the manager's active management or A = portfolio return - benchmark return; and (2) the return to the manager's style or S = benchmark return - broad market return.
The following characteristics are presented below for each benchmark: (1) the beta between the benchmark and the small-cap value portfolio; (2) the tracking error (i.e., the standard deviation of A); (3) the turnover of the benchmark; and (4) the correlation between A and S.

Harrison and Powell evaluate the benchmarks based on the four measures.
Based on an overall attribution analysis, does TopTech demonstrate superior ability to select sectors?
A. Yes the pure allocation effect is 1.8%.
B. No the pure allocation effect is -1.8%.
C. Yes the pure allocation effect is 3.2%.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The pure allocation effect is calculated by taking the differences between the portfolio and benchmark weights for each sector and multiplying it by the difference between the benchmark return for that sector and the total benchmark return. The products are then summed across the sectors:
benchmark return = (0.6)(0.286) + (0.25)(0.124) + (0.15)(0.0885) = 0.216 The pure allocation effect = (0.5 - 0.6)(0.286 - 0.216) + (0.3 - 0.25)(0.124 - 0.216) +(0.2 - 0.15)(0.0885 -
0.216) = -1.80%.
SoTopTech does not demonstrate superior ability to choose sectors, because the allocation effect is negative at -1.80%. (Study Session 17, LOS 47.1)

NEW QUESTION: 3
When preparing audit documentation, the auditor of a smaller entity may find it helpful and efficient to record various aspects of the audit together in a single document, with cross-references to supporting working papers as appropriate. Examples of matters that may bedocumented together in the audit of a smaller entity include the understanding of the entity and its internal control, the overall audit strategy and audit plan, materiality, assessed risks, significant matters noted during the audit, and conclusions reached.
Which one of the following would not be included in the overall audit strategy?
A. The results of initial analytical procedures
B. Identification of specific audit risks
C. Confirmation of management's responsibility for the financial statements
D. Details of economic factors and industry conditions
Answer: C

NEW QUESTION: 4
Given the code fragment:
List<Integer> list1 = Arrays.asList(10, 20);
List<Integer> list2 = Arrays.asList(15, 30);
//line n1
Which code fragment, when inserted at line n1, prints 10 20 15 30?
A. Stream.of(list1, list2)
.flatMap(list -> list.stream())
.forEach(s -> System.out.print(s + " "));
B. list1.stream()
.flatMap(list2.stream().flatMap(e1 -> e1.stream()) .forEach(s -> System.out.println(s + " "));
C. Stream.of(list1, list2)
.flatMapToInt(list -> list.stream())
.forEach(s -> System.out.print(s + " "));
D. Stream.of(list1, list2)
.flatMap(list -> list.intStream())
.forEach(s -> System.out.print(s + " "));
Answer: A