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NEW QUESTION: 1
Drag and drop the SNMP manager and agent identifier commands from the left onto the functions on the right
Answer:
Explanation:
NEW QUESTION: 2
Which of the following statements regarding a mutual fund's expenses are true?
A. The expense ratio of a mutual fund cannot exceed 1.0%.
B. A mutual fund that has a front-end load cannot also charge 12b-1 fees.
C. A mutual fund family is prohibited from charging a fee when an investor exchanges his shares of one of
its funds for another.
D. A mutual fund's record maintenance fees cannot exceed 0.25% of average net assets.
Answer: D
Explanation:
The true statement regarding a mutual fund's expenses is that a mutual fund's record
maintenance fees cannot exceed 0.25% of average net assets. Mutual funds are permitted to have both
front-end loads and charge 12b-1 fees, and the expense ratio of a mutual fund can exceed 1.0%
(although a common recommendation is to select a fund with an expense ratio <= 1.0%.) Mutual fund
families have the option of charging an "exchange fee" when an investor switches between their funds.
NEW QUESTION: 3
You need to authenticate the user to the corporate website as indicated by the architectural diagram.
Which two values should you use? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
A. Azure AD endpoint URI
B. HTTP response code
C. Azure AD tenant ID
D. ID token claims
E. ID token signature
Answer: C,D
Explanation:
Explanation
Claims in access tokens
JWTs (JSON Web Tokens) are split into three pieces:
* Header - Provides information about how to validate the token including information about the type of token and how it was signed.
* Payload - Contains all of the important data about the user or app that is attempting to call your service.
* Signature - Is the raw material used to validate the token.
Your client can get an access token from either the v1.0 endpoint or the v2.0 endpoint using a variety of protocols.
Scenario: User authentication (see step 5 below)
The following steps detail the user authentication process:
* The user selects Sign in in the website.
* The browser redirects the user to the Azure Active Directory (Azure AD) sign in page.
* The user signs in.
* Azure AD redirects the user's session back to the web application. The URL includes an access token.
* The web application calls an API and includes the access token in the authentication header. The application ID is sent as the audience ('aud') claim in the access token.
* The back-end API validates the access token.
Reference:
https://docs.microsoft.com/en-us/azure/api-management/api-management-access-restriction-policies
NEW QUESTION: 4
Sampson Aerospace is a publicly-traded U.S. manufacturer. Sampson supplies communication and navigation control systems to manufacturers of airplanes for commercial and government use. The company operates two divisions: Commercial Operations and Government Operations. Revenues from the Government Operations division comprise 80% of Sampson's total company revenues. Revenues for other companies in the industry are also driven primarily by sales to the U.S. government.
Sampson has gained a reputation for offering unique products and services. Sampson's market share has been increasing, and its net profit margin is among the highest in its industry.
As part of its business strategy, Sampson seeks out opportunities to enhance internal growth by acquiring smaller companies that possess new technologies that would allow Sampson to offer unique products and services. To this end, Sampson CEO, Drew Smith, recently asked his acquisitions team to consider the purchase of a controlling interest in either NavTech or Aerospace Communications, both software applications firms. Smith provides his acquisitions team with an aerospace analyst's industry report that addresses many key issues within the industry. Selected passages from the report are reproduced below:
Sales in the aerospace electronics industry depend primarily on government military spending, which, in turn, depends on defense budgets. Sales depend on commercial travel to a much lesser extent. The government defense spending budget outlook is fairly bleak as the current administration is looking for ways to reduce the budget deficit. We feel the commercial airline segment has more upside than downside, especially as the global economy improves, so we might see a gradual shift in industry focus toward the commercial airline sector. Companies that already have a foothold in the commercial sector are well-positioned to grow during the global recovery. Even so, companies in this industry will remain highly sensitive to government spending for their revenues. Research and development costs are high and the industry is highly capital intense. While there are only a few companies in this industry, good opportunities exist, especially for companies that have developed sustainable profits through wise acquisitions, cost containment, and the ability to secure long-term government contracts.
Sampson Aerospace recently announced that it is reducing its investment return assumption on its pension assets from 6% to 5%, and that it has entered negotiations to possibly acquire controlling equity interests in communications software firms, NavTech and Aerospace Communications. NavTech recently has decided to capitalize a significant portion of its research and development expense, and Aerospace Communications has restructured and reclassified many of its leases from operating to financial leases.
Sampson CEO Drew Smith recently announced that Sampson had dropped out of negotiations with Knowledge Technologies, claiming it was likely not a sustainable business model.
Consensus forecasts for NavTech and Aerospace Communications are presented in Exhibit 1.
The most appropriate approach for Sampson Aerospace's valuation of NavTech and Aerospace Communications is the:
A. dividend discount model.
B. free cash flow model.
C. relative value model.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Sampson intends to make a purchase offer for controlling equity interests in the target companies. Cash flow models are more appropriate because a controlling interest allows Sampson to set the target company's financing, investment, and distribution policies. (Study Session 10, LOS 33.f)