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CyberArk PAM-CDE-RECERT - CyberArk CDE Recertification Exam Braindumps

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  • Certification Provider:CyberArk
  • Exam Code:PAM-CDE-RECERT
  • Exam Name:CyberArk CDE Recertification Exam Exam
  • Total Questions:276 Questions and Answers
  • Product Format: PDF & Test Engine Software Version
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NEW QUESTION: 1
Analyzing and resolving issues identified in a supply management audit enable the supply manager to tell how well the supply management department is doing. All of the following are reasons for undergoing an audit EXCEPT.
A. Audits may be a regulatory or industry requirement.
B. Audits help to gauge the efficiency and effectiveness of processes.
C. Audits identify and prevent mistakes and problems.
D. An annual audit is required by stakeholders.
Answer: D
Explanation:
Analyzing and resolving issues identified in a supply management audit enable the supply manager to tell how well the supply management department is doing. All of the following are reasons for undergoing an audit EXCEPT that an annual audit is required by stakeholders. Stakeholders may not require an audit annually. The remaining answers are all reasons for undergoing an audit, audits identify and prevent mistakes and problems, audits may be a regulatory or industry requirement, and audits help to gauge the efficiency and effectiveness of processes.

NEW QUESTION: 2
An investor in mortgage backed securities can hedge his/her prepayment risk using which of the following?
I. Long swaption
II. Short cap
III. Short callable bonds
IV. Long fixed/floating swap
A. II and III
B. I and IV
C. I and III
D. II and IV
Answer: C
Explanation:
Explanation
Mortgage backed securities carry prepayment risk as borrowers tend to prepay mortgages when rates fall, and substitute it with newer cheaper mortgages. This creates the issue of 'negative convexity' for mortgages, ie, they lose value when rates rise, but do not gain in value when rates fall.
Prepayment risk can be offset by instruments that also carry negative convexity. A swaption is an option to borrow in the future at an agreed rate, which may be fixed or floating. An option to borrow in the future paying floating and receiving fixed guards against losses when rates fall, as the option can be exercised for a profit when rates are declining and the mortgage portfolio is being prepaid. A callable bond is very similar to an MBS in that the issuer can call it back when rates fall. Thus a long position in an MBS can be offset by a short position in a callable bond. Thus I and III are valid choices.
A cap allows exchanging fixed for floating when interest rates rise above an agreed rate. A long cap position allows borrowing at a fixed rate in exchange for floating, and a short cap implies receiving fixed and paying floating when rates go above the strike rate. Prepayment risk arises from falling interest rates, therefore a short cap will not protect against such a risk as falling interest rates would mean that no payments would be exchanged. Thus II does not help hedge against the risk in question.
A long position in a fixed for floating swap would require paying fixed and receiving floating when rates are falling. This would just make the problem from prepayments worse as the position would pay fixed and receive a falling rate. Thus IV is not an appropriate way to hedge prepayment risk.

NEW QUESTION: 3

A. Option E
B. Option A
C. Option D
D. Option C
E. Option B
Answer: B
Explanation:
http://windows.microsoft.com/en-za/windows/update-driver-hardware-isntworking-properly#update-driver-hardware-isnt-working-properly=windows-7

NEW QUESTION: 4
Productsという名前のテーブルを含むMicrosoft SQL Server 2012データベースを管理します。 Productsテーブルには、ProductId、ProductName、およびCreatedDateTimeという名前の列があります。
テーブルには、ProductNameとCreatedDateTimeの組み合わせに対する一意の制約が含まれています。
次の要件を満たすために、製品テーブルを変更する必要があります。
* ProductName列に基づいて、Productsテーブルの重複をすべて削除します。
*最新の製品行のみを保持します。
どのTransact-SQLクエリを使用する必要がありますか?
A. WITH CTEDupRecords
AS
(
SELECT MIN(CreatedDateTime) AS CreatedDateTime, ProductName
FROM Products
GROUP BY ProductName
)
DELETE p
FROM Products p
JOIN CTEDupRecords cte ON
p.ProductName = cte.ProductName
B. WITH CTEDupRecords
AS
(
SELECT MAX(CreatedDateTime) AS CreatedDateTime, ProductName
FROM Products
GROUP BY ProductName
HAVING COUNT(*) > 1
)
DELETE p
FROM Products p
JOIN CTEDupRecords cte ON
cte.ProductName = p.ProductName
AND cte.CreatedDateTime > p.CreatedDateTime
C. WITH CTEDupRecords
AS
(
SELECT MAX(CreatedDateTime) AS CreatedDateTime, ProductName
FROM Products
GROUP BY ProductName
HAVING COUNT(*) > 1
)
DELETE p
FROM Products p
JOIN CTEDupRecords cte ON
p.ProductName = cte.ProductName
D. WITH CTEDupRecords
AS
(
SELECT MAX(CreatedDateTime) AS CreatedDateTime, ProductName
FROM Products
GROUP BY ProductName
HAVING COUNT(*) > 1
)
DELETE p
FROM Products p
JOIN CTEDupRecords cte ON
p.ProductName = cte.ProductName
AND p.CreatedDateTime > cte.CreatedDateTime
Answer: B

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