HRCI SPHR Q&A - in .pdf

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  • Exam Name: The Professional in Human Resources (SPHR)
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NEW QUESTION: 1
A customer requires two 12X loops on their new POWER7 system. What is the smallest system that will support two loops?
A. Power 730
B. Power 740
C. Power 710
D. Power 720
Answer: B

NEW QUESTION: 2
When does HP Web Jetadmin use Web Services?
A. when it discovers a non-HP device
B. when it discovers an HP FutureSmart device
C. when it queries a pre-FutureSmart HP device
D. when it is hosting intra-office Web pages
Answer: B

NEW QUESTION: 3
A website experiences unpredictable traffic. During peak traffic times, the database is unable to keep up with
the write request.
Which AWS service will help decouple the web application from the database?
A. Amazon S3
B. Amazon EFS
C. AWS Lambda
D. Amazon SQS
Answer: D
Explanation:
Explanation
Reference https://aws.amazon.com/sqs/faqs/

NEW QUESTION: 4
If the spread between the required rate of return and the anticipated dividend growth rate were to decrease significantly and suddenly while the remaining components of the P/E ratio were to remain unchanged, which of the following would likely occur? Further, a decrease in the retention rate would lead to what effect on the earnings multiplier, holding both k and g constant?
A. The earnings multiplier would decrease; the earnings multiplier would increase.
B. The earnings multiplier would increase; the earnings multiplier would increase.
C. The earnings multiplier would decrease; the earnings multiplier would decrease.
D. The earnings multiplier would increase; the earnings multiplier would decrease.
E. The earnings multiplier would increase; the earnings multiplier would either increase or decrease depending on the firm's ROE compared to its cost of capital.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Remember that the equation used to determine the appropriate earnings multiplier for a stock market series is the following:
{P/E = [D/E / (k - g)]}
Where: P/E = the earnings multiplier, or Price-to-Earnings ratio, D/E = the dividend payout ratio at t1, k = the required rate of return, and g = the anticipated growth rate of dividends.
As the spread between k and g narrows, the earnings multiplier figure will increase. Indeed, the earnings multiplier is very sensitive to changes in the spread between k and g, and this is the primary reason for the greater relative volatility of the P/E ratio versus the EPS figure for a stock market series.
A decrease in the retention rate will lead to an increase in the earnings multiplier figure, holding everything else equal. Remember that the retention rate is simply (1 - dividend payout ratio). So, a decline in the retention rate is analogous to an increase in the dividend payout ratio. An increase in the dividend payout ratio, holding everything else equal, will lead to an increase in the earnings multiplier figure.

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