Questions and Answers: 166
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NEW QUESTION: 1
Section A (1 Mark)
Which one of the following definitions of hedge fund strategies is not correct?
A. A market neutral strategy aims to make a return regardless of how overall market prices move
B. Fixed income arbitrage makes a return by looking at similar fixed income instruments and working out which rise in price
C. Relative value exploits price differentials in identical financial instruments
D. Arbitrage takes advantage of pricing anomalies in the prices of the same or similar financial instruments
Answer: C
NEW QUESTION: 2
FL uses an absorption costing system. The overhead absorption rate for production overheads is $8.60 per direct labour hour.
Budgeted production overhead costs for the year were $473,000 and actual costs incurred were $468,000.
56,000 labour hours were used.
Which ONE of the following statements is correct?
A. Overheads were over-absorbed by $8,600
B. Overheads were under-absorbed by $8,600
C. Overheads were over-absorbed by $13,600
D. Overheads were under-absorbed by $5,000
Answer: C
NEW QUESTION: 3
If X and Y are positive integers, is X greater than Y?
(1) X > Y - 2.
(2) X > 2.
A. Statement (1) BY ITSELF is sufficient to answer the question, but statement (2) by itself is not.
B. Statements (1) and (2) TAKEN TOGETHER are sufficient to answer the question, even though NEITHER statement BY ITSELF is sufficient.
C. Statement (2) BY ITSELF is sufficient to answer the question, but statement (1) by itself is not.
D. Statements (1) and (2) TAKEN TOGETHER are NOT sufficient to answer the question, requiring more data pertaining to the problem.
E. Either statement BY ITSELF is sufficient to answer the question.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Take some numbers for example.
Y= 8 from statement (1) we know that X > 6 and from statement (2) we know that X >2, but X can be 7 or even 24 and he will still fit the equation properly, therefore both statements, taken together are not sufficient.
NEW QUESTION: 4
HOTSPOT
A company uses SharePoint Server to manage document templates. Each department stores its templates in a department-specific site collection.
All templates use a content type named Corporate Templates. Templates are stored in document library apps with other types of files.
The Search service application must meet the following requirements:
- Users can search from a single location across all department site collections. - Search results include content from all site collections that contain templates.
You need to configure the Search service application to meet the requirements.
On the Search Administration page, which search feature should you configure? (To answer, select the appropriate feature in the answer area.)
Answer:
Explanation: