AAPC CPB Q&A - in .pdf

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NEW QUESTION: 1
A customer has a home business. The business has five computers. The business does not have any servers.
The customer wants to use Microsoft Office 2010 to create documents, spreadsheets, and presentations.
You need to recommend an Office 2010 suite for the customer. The solution must minimize long-term costs.
What should you recommend?
A. Office Standard 2010
B. Office Professional 2010
C. Office Professional Academic 2010
D. Office Professional Plus 2010
E. Office Home and Student 2010
F. Office 365
G. Office Home and Business 2010
H. Office Starter 2010
Answer: G

NEW QUESTION: 2
You need to configure identity synchronization.
What should you create?
A. a second Azure Active Directory directory
B. backups of all on-premises server farms
C. backups of all Azure VMs
D. a second Azure Active Directory Connect staging server
E. a second Azure Active Directory Connect sync server
Answer: D
Explanation:
Explanation
/ High availability is required for account synchronization services.
/ Any configuration changes to account synchronization must be tested without disrupting the services.
References:
https://docs.microsoft.com/en-us/azure/active-directory/connect/active-directory-aadconnect-topologies#staging-

NEW QUESTION: 3
You have a Microsoft Intune subscription.
You create the Windows Autopilot deployment profile-shown in the following exhibit.

Use the drop-down menus to select the answer choice that completes each statement based on the information presented in the graphic.
NOTE: Each correct selection is worth one point.

Answer:
Explanation:

Explanation:
References:
https://docs.microsoft.com/en-us/windows/deployment/windows-autopilot/user-driven

NEW QUESTION: 4
Dan Draper, CFA is a portfolio manager at Madison Securities. Draper is analyzing several portfolios which have just been assigned to him. In each case, there is a clear statement of portfolio objectives and constraints, as welt as an initial strategic asset allocation. However, Draper has found that all of the portfolios have experienced changes in asset values. As a result, the current allocations have drifted away from the initial allocation. Draper is considering various rebalancing strategies that would keep the portfolios in line with their proposed asset allocation targets.
Draper spoke to Peter Sterling, a colleague at Madison, about calendar rebalancing. During their conversation, Sterling made the following comments:
Comment 1: Calendar rebalancing will be most efficient when the rebalancing frequency considers the volatility of the asset classes in the portfolio.
Comment 2: Calendar rebalancing on an annual basis will typically minimize market impact relative to more frequent rebalancing.
Draper believes that a percentage-of-portfolio rebalancing strategy will be preferable to calendar rebalancing, but he is uncertain as to how to set the corridor widths to trigger rebalancing for each asset class. As an example, Draper is evaluating the Rogers Corp. pension plan, whose portfolio is described in Figure 1.

Draper has been reviewing Madison files on four high net worth individuals, each of whom has a $1 million portfolio. He hopes to gain insight as to appropriate rebalancing strategies for these clients. His research so far shows:
Client A is 60 years old, and wants to be sure of having at least $800,000 upon his retirement. His risk tolerance drops dramatically whenever his portfolio declines in value. He agrees with the Madison stock market outlook, which is for a long-term bull market with few reversals.
Client B is 35 years old and wants to hold stocks regardless of the value of her portfolio. She also agrees with the Madison stock market outlook.
Client C is 40 years old, and her absolute risk tolerance varies proportionately with the value of her portfolio. She does not agree with the Madison stock market outlook, but expects a choppy stock market, marked by numerous reversals, over the coming months.
Draper believes that the risk tolerance for tracking error relative to the target asset mix and the volatility of any other asset classes in a portfolio are important factors in determining an appropriate rebalancing corridor. Assuming all other factors are equal, the optimal rebalancing corridor will be wider when:
A. the risk tolerance for tracking error is high and the volatility of other asset classes is high.
B. the risk tolerance for tracking error is high and the volatility of other asset classes is low.
C. the risk tolerance for tracking error is low and the volatility of other asset classes is high.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
A higher risk tolerance for tracking error provides more flexibility for the asset allocation relative to the target mix, and therefore a wider rebalancing corridor. If the volatility of other asset classes is high, then large differences from the target asset mix are more likely. Lower volatility reduces the likelihood of large differences, and allows for a wider corridor. (Study Session 16, LOS 46.0)

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