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Exam Code: SC-900

Exam Name: Microsoft Security, Compliance, and Identity Fundamentals

Version: V15.35

Q & A: 208 Questions and Answers

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NEW QUESTION: 1
Chester Brothers, LLC, is an investment management firm with $200 million in assets under management.
Chester's equity style is described to clients as a "large cap core" strategy. One year ago, Chester instituted a new compensation plan for its equity portfolio managers. Under this new plan, each portfolio manager receives an annual bonus based upon that manager's quarterly performance relative to the S&P
500 index. For each quarter of aut-performance, the manager receives a bonus in the amount of 20% of his regular annual compensation. Chester has not disclosed this new plan to clients. Portfolio managers at Chester are not bound by non-compete agreements.
Fames Rogers, CFA, and Karen Pierce, CFA, are both portfolio managers affected by the new policy.
Rogers out-performed the S&P 500 index in each of the last three quarters, largely because he began investing his clients1 funds in small cap securities. Chester has recently been citing Rogers's performance in local media advertising, including claims that "Chester's star manager, James Rogers, has outperformed the S&P 500 index in each of the last three quarters." The print advertising associated with the media campaign includes a photograph of Rogers, identifying him as James Rogers, CFA. Below his name is a quote apparently attributable to Rogers saying "as a CFA chartcrholdcr I am committed to the highest ethical standards." A few weeks after the advertising campaign began, Rogers was approached by the Grumpp Foundation, a local charitable endowment with $3 billion in assets, about serving on their investment advisory committee.
The committee meets weekly to review the portfolio and make adjustments as needed. The Grumpp trustees were impressed by the favorable mention of Rogers in the marketing campaign. In making their offer, they even suggested that Rogers could mention his position on the advisory committee in future Chester marketing material. Rogers has not informed Chester about the Grumpp offer, but he has not yet accepted the position.
Pierce has not fared as well as Rogers. She also shifted into smaller cap securities, but due to two extremely poor performing large cap stocks, her performance lagged the S&P 500 index for the first three quarters. After an angry confrontation with her supervisor, Pierce resigned. Pierce did not take any client information with her, but when she left she did take a copy of a Pierce has not fared as well as Rogers.
She also shifted into smaller cap securities, but due to two extremely poor performing large cap stocks, her performance lagged the S&P 500 index for the first three quarters. After an angry confrontation with her supervisor, Pierce resigned. Pierce did not take any client information with her, but when she left she did take a copy of a computer model she developed while working al Chester, as well as the most recent list of her buy recommendations, which was created from the output of her computer valuation model. Pierce soon accepted a position at a competing firm, Cheeri Group. On her first day at Cheeri, she contacted each of her five largest former clients, informing them of her new employment and asking that they consider moving their accounts from Chester to Cheeri. During both telephone conversations and e-mails with her former clients, Pierce mentioned that Chester had a new compensation program that created incentives for managers to shift into smaller cap securities.
Cheeri has posted Pierce's investment performance for the past five years on its Web site, excluding the three most recent quarters. The footnotes to the performance information include the following two statements:
Statement 1: Includes large capitalization portfolios only.
Statement 2: Results reflect manager's performance at previous employer.
Chester's new compensation plan for awarding bonuses to individual portfolio managers:
A. is consistent with CFA Institute Standards, but any bonuses awarded under the plan must be fully disclosed to clients.
B. is consistent with CFA Institute Standards only if fully disclosed to clients.
C. is consistent with CFA Institute Standards and does not require disclosure.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Standard VI (A). The compensation plan is acceptable under Standard VI(A) Conflicts of Interest - Disclosure of Conflicts, but Chester must disclose the plan to clients. The firm's equity strategy is described as "large cap core." The S&P 500 Index is an appropriate benchmark for such a strategy, but rhe incentive for portfolio managers is to invest outside the index in order to achieve excess returns.
Managers may be motivated to invest in securities that would not be consistent with client objectives or risk profiles. (Study Session 1, LOS 2.a)

NEW QUESTION: 2
IT 보안 팀이 회사의 AWS 계정에서 중요한 EC2 인스턴스에 대한 여러 가지 취약점을 식별했습니다. 이 취약점을 해결하는 가장 쉬운 방법은 무엇입니까?
선택 해주세요:
A. AWS 인스펙터를 사용하여 서버 패치
B. AWS CLI 명령을 사용하여 업데이트를 다운로드하고 서버를 패치하십시오.
C. AWS Lambda 함수를 생성하여 업데이트를 다운로드 하고 서버를 패치하십시오.
D. AWS Systems Manager를 사용하여 서버 패치
Answer: D
Explanation:
The AWS Documentation mentions the following
You can quickly remediate patch and association compliance issues by using Systems Manager Run Command. You can tat either instance IDs or Amazon EC2 tags and execute the AWS-RefreshAssociation document or the AWS-RunPatchBaseline document. If refreshing the association or re-running the patch baseline fails to resolve the compliance issue, then you need to investigate your associations, patch baselines, or instance configurations to understand why the Run Command executions did not resolve the problem Options A and B are invalid because even though this is possible, still from a maintenance perspective it would be difficult to maintain the Lambda functions Option C is invalid because this service cannot be used to patch servers For more information on using Systems Manager for compliance remediation please visit the below Link:
https://docs.aws.amazon.com/systems-manaeer/latest/usereuide/sysman-compliance-fixing.html The correct answer is: Use AWS Systems Manager to patch the servers Submit your Feedback/Queries to our Experts

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