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Value Methodology Associate

  • Exam Number/Code : VMA
  • Exam Name : Value Methodology Associate
  • Questions and Answers : 213 Q&As
  • Update Time: 2019-01-10
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VMA

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NEW QUESTION: 1
Which word is recommended for describing a benefit or dis-benefit?
A. Better
B. Worse
C. Cheaper
D. Improved
Answer: D

NEW QUESTION: 2
DRAG DROP


Answer:
Explanation:

Explanation:
References:
https://technet.microsoft.com/en-us/library/dn376490.aspx

NEW QUESTION: 3
Section C (4 Mark)
Zenith Finance is a big financial firm which owns several mutual funds. The funds are managed individually by portfolio managers but it has an investment committee that oversees all of the funds. This committee is responsible for evaluating the performance of the funds relative to the appropriate benchmark and relative to stated investment objectives of each individual fund. During a recent investment committee meeting, the poor performance of its Equity Funds were discussed. In particular, the inability of the portfolio managers to outperform their benchmarks was highlighted. The net conclusion of the committee was to review the performance of the manager responsible for each fund and dismiss those managers whose performance had lagged substantially behind the appropriate benchmark.
The fund with the worst relative performance is the Zenith Large Cap Fund which invests in large cap stocks.
A review of the operations of the fund found the following:
* The turnover of the fund was almost double that of other similar style mutual funds
* The fund's portfolio manager solicited input from her entire staff prior to making any decision to sell an existing holding
* The beta of the Zenith Large Cap Fund's portfolio was 65% higher than the beta of other similar style mutual funds
* The portfolio manager refuses to increase the Capital Goods sector weighting because of past losses the fund incurred in the sector
* The portfolio manager sold all the fund's Oil Marketing Companies stocks as the price per barrel of oil rose above $105. He expects oil prices to fall back to the $80 to $85 per barrel
* No stock is considered for purchase in the Large Cap Fund unless the portfolio manager has 10 years of financial information on that company.
A committee member made the following 2 comments:
Comment 1: "One reason for the poor performance of Large Cap Mutual Fund is that the portfolio lacks recognizable companies. I believe that good companies make good investments Comment 2: "The portfolio manager of the Large Cap Fund refuses to acknowledge his mistakes. He seems to sell stocks that appreciate, but she holds stocks that have declined in value The two behavioral biases exhibited respectively in the above 2 comments from the committee are:
A. Representativeness Bias & Loss aversion Bias
B. Regret minimization & Conservatism
C. Gambler's fallacy & Hindsight bias
D. Money illusion & Mental accounting
Answer: A

NEW QUESTION: 4
Note: This question is part of a series of questions that use the same scenario. For your convenience, the scenario is repeated in each question. Each question presents a different goal and answer choices, but the text of the scenario is exactly the same in each question in this series.
You are a database administrator for a company that has an on-premises Microsoft SQL Server environment and Microsoft Azure SQL Database instances. The environment hosts several customer databases, and each customer uses a dedicated instance. The environments that you manage are shown in the following table.

You need to implement a process for importing data into WingDB.
Which three actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.

Answer:
Explanation:

Explanation

Step 1: Perform a full backup of the database and enable the bulk-logged recovery model.
Not: Simple recovery model.
With the Simple recovery model we cannot minimize data loss.
Step 2: Import the data
Step 3: Backup the tail of the transaction log.
For databases that use full and bulk-logged recovery, database backups are necessary but not sufficient.
Transaction log backups are also required.
Note: Three recovery models exist: simple, full, and bulk-logged. Typically, a database uses the full recovery model or simple recovery model. A database can be switched to another recovery model at any time.
References:
https://docs.microsoft.com/en-us/sql/relational-databases/backup-restore/recovery-models-sql-server