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NEW QUESTION: 1
Christine Crumbwell and Dorothy Drummond are two portfolio managers with Neptune Funds. Cristine is managing the personal trust fund of Paul Roker, who created the fund as an income support for his wife and a legacy for his two sons after his wife's death. Dorothy is in charge of a fund created by Katey Koric.
Katey had started this fund as a long-term investment but recently decided to shift the asset mix toward municipal and high-income bonds. Her friend pointed out a great investment opportunity in the newly issued, high-yield-high-income Orange County bonds and Katey instructed Dorothy to sell off a large chunk of the stock holdings in the fund and reinvest in the Orange County bonds. Dorothy spoke to Christine about this and they both agreed that the bonds were an excellent buy. Dorothy carried out Katey's instructions and Christine decided that Paul's portfolio would be better off if she sold some of the small cap stocks and bought the bonds and followed Dorothy's suit.
I. Dorothy has violated Standard IV (B.1) - Fiduciary Duties by not discussing the issues further with Katey.
II. Christine has violated Standard IV (B.1) - Fiduciary Duties by tilting the portfolio mix toward high-income instruments.
III. Katey has violated Standard V (A) - Prohibition Against Use Of Non-Public Information.
A. I, II and III
B. II only
C. I and II only
D. I only
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Christine, as a manager of a personal trust, has to balance the interests of the income beneficiaries and the remaindermen who need capital appreciation. By tilting the asset mix toward high-income bonds, Christine has violated her fiduciary duties toward Paul Roker's sons by effectively transferring some of their wealth to their mother. On the other hand, Dorothy has violated no such duty since she in charge of an advisory account. The account belongs to Katey alone and she is free to instruct Dorothy to change investments as she pleases. Finally, the Orange County bonds have already been issued and there is no misuse of any inside information so Katey cannot be accused of insider trading. Standard IV (B.1) - Fiduciary Duties
NEW QUESTION: 2
An MSDP Media Server is experiencing performance issues when running multiple deduplication backup jobs concurrently over 10 GbE. When switched to AdvancedDisk on the same Media Server, the backups perform well.
Which step can be utilized to mitigate the performance issues?
A. add load balancing Media Servers for the Storage Server
B. reduce network congestion between clients and the Media Server
C. increase the size of the MSDP disk pool on the Storage Server
D. set the clients to back up over SAN
Answer: A
NEW QUESTION: 3
Which approaches can be used to define a set of reusable metadata fields? (Choose two.)
A. Define a global type which holds the common properties, then define an association from each type requiring the properties back to the global type.
B. Define and use the same property names in the different types that need those fields.
C. Define a base type which holds the common properties and have all the types that need those fields inherit from the base type.
D. Create an aspect and apply it as a mandatory aspect to all the types which need the properties.
E. Define a datalist with the required properties and assign the datalist to each type or aspect through an association.
Answer: C,D