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NEW QUESTION: 1
If the systematic VaR for an equity portfolio is $100 and the specific VaR is $80, then which of the following is true in relation to the total VaR:
A. Total VaR is $20
B. Total VaR is greater than $180
C. Total VaR is $180
D. Total VaR is less than $180
Answer: D
Explanation:
Explanation
Choice 'd' is correct because VaR is sub-additive in cases where correlation is less than one.
Specific VaR refers to the risk in the portfolio from security selection, ie the risk from holding the specific equities in the portfolio, while systematic risk refers to the market risk. Definitionally, specific risk and systematic risk are uncorrelated, ie their correlation is zero. Since their correlation is zero, combining them will produce a VaR number lower than their stand alone aggregate. Total risk includes both specific risk and systematic risk, and can be calculated taking into account the specific and systematic VaRs and their correlation.
All other answers are therefore incorrect.

NEW QUESTION: 2
Direct serving loans method requires a system of good internal control and requires that the functions be split between the Accounting Department and the Investment Department. The Investment Department is responsible for promptly supplying the Accounting Department with:
A. Alerting the Investment Department promptly whenever an exception to the normal processing routine occurs
B. Resolving few exceptions reported to it by the Accounting Department, i.e., when a borrower defaults on a loan payment
C. Data related to changes in existing loans, which affects the accounting function
D. Accounting data on new loans
Answer: B,D

NEW QUESTION: 3
会社は、オンプレミスのサポートサーバーからMicrosoft 365サービスの使用に移行する予定です。
各オンプレミスサービスを置き換えるのに適切なMicrosoft 365ワークロードを決定する必要があります。
どのワークロードを使用する必要がありますか？回答するには、回答エリアで適切なオプションを選択します。
注：それぞれの正しい選択には1ポイントの価値があります。

Answer:
Explanation:

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