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NEW QUESTION: 1
Serena Zaltz is a portfolio manager at Katalina Investments, a small boutique in Connecticut. She currently manages 3 client accounts, one of which belongs to John Hersham. John recently told Serena that if his portfolio beat the S&P500 by 75 basis points over the next 3 months, he would give 10 basis points to her as a "superior performance reward." Serena told him this was unnecessary but John insisted that such an arrangement be made on a handshake. Serena subsequently spoke to her supervisor, Helena, about it and Helena did not object to the arrangement. Then, Serena has:
A. has violated Standard IV (B.8) - Disclosure of Referral Fees.
B. not violated any code of conduct.
C. has violated Standard III (D) - Disclosure of Additional Compensation Arrangements.
D. has violated Standard IV (A.3) - Independence and Objectivity.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
While Serena may have informed her employer orally about her additional compensation arrangement, Standard III (D) requires written notification to the employer and this includes any form of communication that can be documented. Such written disclosures act as paper trails of all such arrangements and act as a deterrent to such arrangements except in the more compelling cases.
NEW QUESTION: 2
A web-based business application is being migrated from test to production. Which of the following is the MOST important management signoff for this migration?
A. Network
B. User
C. Operations
D. Database
Answer: B
Explanation:
Explanation/Reference:
Explanation:
As owners of the system, user management signoff is the most important. If a system does not meet the needs of the business, then it has not met its primary objective. The needs of network, operations and database management are secondary to the needs of the business.
NEW QUESTION: 3
You try to perform a traceroute to an Internet destination from your PC, but the traceroute hangs when it reaches the router. There is an inbound access-list applied to the serial interface on the Internet router with a single line: "rule 5 permit tcp source any destination any." What access-list entry may need to be added to the access-list in order to get traceroute to work?
A. rule 10 permit icmp source any destination any icmp-type ttl-exceeded rule 15 permit icmp source any destination any icmp-type port-unreachable
B. rule 10 permit udp source any destination any
C. rule 10 permit udp source any destination any
rule 15 permit icmp source any destination any icmp-type protocol-unreachable
D. rule 10 permit icmp source any destination any icmp-type echo
rule 15 permit icmp source any destination any icmp-type net-unreachable
E. rule 10 permit icmp source any destination any icmp-type ttl-exceeded rule 15 permit icmp source any destination any icmp-type echo-reply
Answer: A