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NEW QUESTION: 1
Which three are valid types of Rate Components? (Choose three.)
A. For Calculation Purposes Only
B. Service Quantity
C. Sub Rate
D. Interval Pricing
E. Flat Charge
Answer: A,C,E
NEW QUESTION: 2
You have a choice of accepting a fixed price contract for $115,000 with a liquidated damages clause or $100,000 without the clause. There is a 60% chance your cost will be $90,000 and 40% chance your cost will be $80,000. There is a 98% chance of meeting your schedule but the penalty if missed is $50,000. Which is the best contract choice and how much profit would you make?
A. Contract with the clause; profit is $14,000
B. Contract without the clause; profit is $14,000
C. None of the above
D. Contract without the clause; profit is $27,980
Answer: C
Explanation:
A liquidated damages clause is a clause in the contract that specifies a dollar amount to be paid if some provision of the contract is not met. It is a way of contractually setting the damages for some failure to perform. The answer to the problem is (from a previous post):You get the expected value multiplying an outcome by the probability of it occurring, and adding up these products for all outcomes. For the contract without the clause, you get paid $100,000. One outcome is that you will spend $90,000. Your profit will be $10,000. There is a 60% chance of this outcome occurring, so you get $10,000*0.6=$6,000. The other outcome is that you will spend $80,000. Your profit will be $20,000. There is a 40% chance of this outcome occurring, so you get $20,000*0.4=$8,000. If you add these two up, you get$14,000. If you decide to take the $100,000 contract, your "average" profit will be $14,000.For the contract with the clause, you get paid $115,000. If you will spend $90,000, your profit will be $25,000. There is a 60% chance of this outcome occurring, so you get $25,000*0.6=$15,000. If you spend $80,000, your profit will be $35,000. There is a 40% chance of this outcome occurring, so you get $35,000*0.4=$14,000. Since the problem doesn't say otherwise, assume that no matter how much you spend, there is a 2% of missing the schedule. If you do, you pay $50,000. $50,000*0.02=$1,000. You will subtract this amount from the total, since this money would come out of your profit. If you add these all up, you get $15,000+$14,000-$1,000=$28,000. If you decide to take the $115,000 contract with the liquidated damages clause, your "average" profit will be $28,000.Answer contract with clause, expected profit $28,000.
NEW QUESTION: 3
Which of the following statements are true about MS-CHAPv2?
A. It provides an authenticator-controlled password change mechanism.
B. It is a connectionless protocol.
C. It can be replaced with EAP-TLS as the authentication mechanism for PPTP.
D. It is subject to offline dictionary attacks.
Answer: A,C,D
Explanation:
MS-CHAPv2 provides mutual authentication between peers by piggybacking a peer challenge on the Response packet and an authenticator response on the Success packet. MS-CHAPv2 has various features such as: It is enabled by negotiating CHAP Algorithm 0x80 (0x81 for MS-CHAPv2) in LCP option 3, Authentication Protocol. It provides an authenticator-controlled password change mechanism. It provides an authenticator-controlled authentication retry mechanism. It defines failure codes returned in the Failure packet message field. With weak passwords, MS-CHAPv2 is subject to offline dictionary attacks; hence, it can be replaced with EAP-TLS as the authentication mechanism for PPTP.