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NEW QUESTION: 1
Service A is a utility service that provides generic data access logic to a database that
contains data that is periodically replicated from a shared database (1). Because the
Standardized Service Contract principle was applied to the design of Service A, its service
contract has been fully standardized.
Service A is being accessed by three service consumers. Service Consumer A accesses a
component that is part of the Service A implementation by invoking it directly (2). Service
Consumer B invokes Service A by accessing its service contract (3). Service Consumer C
directly accesses the replicated database that is part of the Service A implementation (4).

You've been told that the reason Service Consumers A and C bypass the published
Service A service contract is because, for security reasons, they are not allowed to access
a subset of the operations in the WSDL definition that expresses the service contract. How
can the Service A architecture be changed to enforce these security restrictions while
avoiding negative forms of coupling?
A. None of the above.
B. The Concurrent Contracts pattern can be applied to Service A in order to establish one
or more alternative service contracts. This allows service consumers with different levels of
security clearance to continue accessing the service logic via its published service
contracts.
C. The Contract Centralization pattern can be applied to force all service consumers to
access the Service A architecture via its published service contract. This will prevent
negative forms of coupling that could lead to problems when the database is replaced. The
Service Abstraction principle can then be applied to hide underlying service architecture
details so that future service consumers cannot be designed to access any part of the
underlying service implementation.
D. The Contract Centralization pattern can be applied to force service consumers to access
the Service A architecture via its published service contract only. The Service Loose
Coupling principle can then be applied to ensure that the centralized service contract does
not contain any content that is dependent on or derived from the underlying service
implementation.
Answer: B

NEW QUESTION: 2
William Bliss, CFA, runs a hedge fund that uses both managed futures strategies and positions in physical commodities. He is reviewing his operations and strategies to increase the return of the fund. Bliss has just hired Joseph Kanter, CFA, to help him manage the fund because he realizes that he needs to increase his trading activity in futures and to engage in futures strategies other than fully hedged, passively managed positions. Bliss also hired Kanter because of Kantcr's experience with swaps, which Bliss hopes to add to his choice of investment tools.
Bliss explains to Kanter that his clients pay 2% on assets under management and a 20% incentive fee.
The incentive fee is based on profits after having subtracted the risk-free rate, which is the fund's basic hurdle rate, and there is a high water mark provision. Bliss is hoping that Kanter can help his business because his firm did not earn an incentive fee this past year. This was the case despite the fact that, after two years of losses, the value of the fund increased 14% during the previous year. That increase occurred without any new capital contributed from clients. Bliss is optimistic about the near future because the term structure of futures prices is particularly favorable for earning higher returns from long futures positions.
Kanter says he has seen research that indicates inflation may increase in the next few years. He states this should increase the opportunity to earn a higher return in commodities and suggests taking a large, margined position in a broad commodity index. This would offer an enhanced return that would attract investors holding only stocks and bonds. Bliss mentions that not all commodity prices are positively correlated with inflation so it may be better to choose particular types of commodities in which to invest.
Furthermore, Bliss adds that commodities traditionally have not outperformed stocks and bonds either on a risk-adjusted or absolute basis. Kanter says he will research companies who do business in commodities, because buying the stock of those companies to gain commodity exposure is an efficient and effective method for gaining indirect exposure to commodities.
Bliss agrees that his fund should increase its exposure to commodities and wants Kanter's help in using swaps to gain such exposure. Bliss asks Kanter to enter into a swap with a relatively short horizon to demonstrate how a commodity swap works. Bliss notes that the futures prices of oil for six months, one year, eighteen months, and two years are $55, S54, $52, and $5 1 per barrel, respectively, and the risk- free rate is less than 2%.
Bliss asks how a seasonal component could be added to such a swap. Specifically, he asks if either the notional principal or the swap price can be higher during the reset closest to the winter season and lower for the reset period closest to the summer season. This would allow the swap to more effectively hedge a commodity like oil, which would have a higher demand in the winter than the summer. Kanter says that a swap can only have seasonal swap prices, and the notional principal must stay constanl. Thus, the solution in such a case would be to enter into two swaps, one that has an annual reset in the winter and one that has an annual reset in the summer.
The points made by Kanter and Bliss during their discussion of commodity returns given high inflation expectations were correct with the exception of:
A. Ranter's assertion that a broad index would benefit from inflation.
B. Ranter's assertions concerning the indirect method of investing in stocks to gain commodity exposure.
C. Bliss's assertion that not all commodities are positively correlated with inflation.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Kanter says he will research companies who do business in commodities. He feels that using the indirect method of buying the stock of those companies to gain commodity exposure is an efficient and effective method for gaining exposure to commodities. This is not necessarily true because those companies often hedge their exposure to commodities. The other statements are true. Agricultural commodities are negatively correlated with inflation, but the broad commodity indices have been positively correlated with inflation. Also, commodities have not generally outperformed stocks and bonds. They are attractive in that they can provide a comparable return while diversifying the portfolio. (Study Session 13, LOS 37.o)

NEW QUESTION: 3
You work as a Software Developer for InfoTech Inc. You develop a Windows application named MyWinApp that displays a registration form for users. You want to ensure that whenever a user enters a wrong data in the required TextBox controls, the data will not be accepted by the application. Which of the following actions will you take so that users should enter only valid data?
A. Use the ErrorProvider component in the application.
B. Use a message box that will display an error message with an error icon.
C. Use the HelpProvider component in the application.
D. Use a message box that will display an error message..
Answer: A

NEW QUESTION: 4
DRAG DROP
You need to insert code at line WR16 to implement the GetWork method.
How should you complete the relevant code? To answer, drag the appropriate code segment to the correct location. Each code segment may be used once, more than once,
or not at all. You may need to drag the split bar between panes or scroll to view content.

Answer:
Explanation: