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NEW QUESTION: 1
You are the project manager on a project to improve traffic flow in the company's parking garage.
You decide to use flowcharting to______________
A. Forecast future outcomes
B. Show the results of a process
C. Help anticipate how problems occur
D. Show dependencies between tasks
Answer: C
Explanation:
Flowcharts depict the interrelationship of a system's components and show the relationships among process steps. They are often referred to as process maps as they display the sequence of steps and the branching possibilities for a process that transforms one or more inputs into one or more outputs. Flowcharts show activities, decision points, branching loops, parallel paths, and the order of processing. As such, they aid the team in anticipating where quality problems might occur, which helps in developing approaches for dealing with these potential problems. [Monitoring and Controlling] PMI@, PMBOK@ Guide, 2013, 236
NEW QUESTION: 2
Given the code fragment:
What is the result?
A. A compilation error occurs at line n2.
B. Checking...Checking...
C. Checking...
D. A compilation error occurs at line n1.
Answer: D
NEW QUESTION: 3
Clem Shyster is a registered representative with a family of mutual funds. A married couple in their 50s sought his advice about how they should best invest an $80,000 profit that they had received when they sold a rental property they owned for a number of years. Their investment profile indicated to Clem that their main investment objective was capital appreciation and that they were willing to accept moderate levels of risk. Clem advised them to invest $10,000 in eight different growth funds, each of which had a 7% front-end load.
Has Clem violated any securities laws with his recommendation?
A. Yes. There is a lot of overlap of the individual stocks in which growth funds invest, so recommending that they spread their funds among eight different growth funds has not provided them with significantly more diversification, and it has cost them more to do so, which will benefit Clem.
B. Yes. Clem should have advised them to invest in funds that had a deferred sales charge instead of a front-end load.
C. No. Growth funds invest in stocks that are selected to provide the capital appreciation that Clem's clients need, and an investment in eight such funds will provide them with maximum risk diversification.
D. Yes. Although growth funds provide some amount of capital appreciation, Clem should have recommended that they spread their money among eight different aggressive growth funds instead, to achieve even greater capital appreciation.
Answer: A
Explanation:
Explanation/Reference:
Explanation: Yes, Clem has violated securities laws with his recommendation that his clients spread their money among eight different load, growth funds because there is a lot of overlap in the individual stocks in which these funds invest, so this strategy has not provided them with significantly more diversification; it has just cost them more, which will benefit Clem since he gets to pocket part of that load fee himself. He has made an unsuitable recommendation and has not upheld NASD's rules involving fair dealing with customers.
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