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NEW QUESTION: 1
Larry Tolpert is an Investment Manager at a medium-sized Investment Management firm. Larry is giving a presentation to a group of prospective clients and makes the following comments about
Composite Construction. Which of the following statements made by Larry, in relation to Composite
Construction, are NOT correct?
A. Terminated portfolios may be excluded in the historical record.
B. Terminated portfolios must be included in the historical record up to the last full measurement period that the portfolio was under management.
C. Portfolios must not be switched from one composite to another unless this is documented by changes to the client guidelines or the redefinition of the composite.
Answer: A
Explanation:
Terminated portfolios must be included in the historical record up to the last full measurement period that the portfolio was under management. Terminated portfolios may NOT be excluded in the historical record.
NEW QUESTION: 2
A major benefit of computer integrated manufacturing CIM) is:
A. Increased amount of scrap available for resale.
B. Delivery of customized products with long lead times.
C. Increased flexibility.
D. Increased working capital.
Answer: C
Explanation:
CIM entails a holistic approach to manufacturing in which design is translated into product by centralized processing and robotics. CIM can help an organization reduce costs of spoilage, increase flexibility, and increase productivity. Flexibility is the key benefit. A traditional manufacturing system might become disrupted from an emergency change, but CII1 will reschedule everything in the plant when a priority requirement is inserted into the system.
NEW QUESTION: 3
A process analyst has performed simu-lation upon a business process and is analyzing resource allocation within the process. The average elapsed duration for the process is 2 hours, 57 minutes. After running the Process Resource Dynamic Analysis Report, it is observed that the Field Tech Resource has an average Quantity Allocated value of .6 units. The Process Resource Allocation Dynamic Analysis Report is also generated against the simu-lation results, and it is determined that there is an Average Shortage Duration of 37 minutes, 30 seconds for the resource. The process analyst also observes that the Field Tech Resource has been defined to the process as a bulk resource with an availability value of 3. Based on this information, what conclusions can the process analyst draw?
A. There is at least one case in the business process that does not allocate the Field Tech Resource, however there are also multiple concurrent process instances that are allocating the resource concurrently and are competing for the resource. The pool of available Field Tech Resources can be increased to reduce the Average Shortage Duration and the Average Quantity Allocated would increase to a value close to 1.0 units.
B. There is at least one case in the business process that does not allocate the Field Tech Resource, however there are also multiple concurrent process instances that are allocating the resource concurrently and are competing for the resource. The pool of available Field Tech Resources can be increased to reduce the Average Shortage Duration and the Average Quantity Allocated would remain the same in subsequent simula-tions.
C. There are too many Field Tech Resources available to the process, as the sum of all Field Tech Resource allocations to activities in the process divided by the total number of process instances is less than one. This indicates that some Field Tech Resources are never allocated the business process.
D. There is at least one case in the business process that does not allocate the Field Tech Resource. The pool of available Field Tech Resources can be reduced to 1 to eliminate resources that are never allocated to the process. This will not affect the Average Shortage Duration value.
Answer: B