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NEW QUESTION: 1
Which task is performed by the Change Authority?
A. Set a change budget
B. Approve or reject a request for change within approved limits
C. Update the configuration management system when a change is approved
D. Refer changes that exceed budgetary limits to the Project Manager for approval
NEW QUESTION: 2
What are the advantages for the customer of having a thin client? (Select three.)
A. easy to manage
B. great mobility
C. full service package
D. greater graphics functionality than a desktop D enhanced security
E. large SSD internal hard drives
NEW QUESTION: 3
In which SAP Activate methodology phase does the team identify and design functional quick wins in scope of the conversion project?
Please choose the correct answer.
NEW QUESTION: 4
Section C (4 Mark)
Mudra Financial is a large financial firm which owns several mutual funds. The funds are managed individually by portfolio managers but it has an investment committee that overseas all of the funds. This committee is responsible for evaluating the performance of the funds relative to the appropriate benchmark and relative to stated investment objectives of each individual fund. During a recent investment committee meeting, the poor performance of Its Equity Funds were discussed. In particular, the inability of the portfolio managers to outperform their benchmarks was highlighted. The net conclusion of the committee was to review the performance of the manager responsible for each fund and dismiss those managers whose performance had lagged substantially behind the appropriate benchmark.
The fund with the worst relative performance is the Mudra Large Cap Fund which invests in large cap stocks.
A review of the operations of the fund found the following:
* The turnover of the fund was almost double that of other similar style mutual funds
* The fund's portfolio manager solicited input from her entire staff prior to making any decision to sell an existing holding
* The beta of the Mudra Large Cap Fund's portfolio was 65% higher than the beta of other similar style mutual funds
* The portfolio manager refuses to increase the Capital Goods sector weighting because of past losses the fund incurred in the sector
* The portfolio manager sold all the fund's Oil Marketing Companies stocks as the price per barrel of oil rose above $105. He expects oil prices to fall back to the $80 to $85 per barrel
* No stock is considered for purchase in the Large Cap Fund unless the portfolio manager has 10 years of financial information on that company.
The underweighting of the Capital Goods sector and selling off Oil Marketing Stocks could be best described as an example of:
A. Anchoring & Adjustment and Money Illusion respectively
B. Conservatism and Regret Minimization respectively
C. Loss Aversion and Representativeness respectively
D. Regret Minimization and Gambler Fallacy respectively