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NEW QUESTION: 1
Tom Vadney, CFA, is president and CEO of Vadney Research and Advisors (VRA), a large equity research firm that specializes in providing international investment and advisory services to global portfolio managers. He has a staff of five junior analysts and three senior analysts covering industries and firms across the Americas, Europe, and Asia-Pacific regions.
In a recent meeting with an institutional portfolio manager, Vadney is asked to review the differences between U.S. GAAP and International Financial Reporting Standards (IFRS) as well as provide a comprehensive industry analysis for the telecommunications sector in Europe and the Asia-Pacific region.
Vadney asks Maria Mnoyan, a senior analyst covering the sector, to research the requested information for the client meeting.
Prior to the meeting, Vadney and Mnoyan meet to prepare for the client presentation. They first discuss differences between U.S. GAAP and IFRS. Mnoyan states that although there will be increasing convergence between the two accounting standards, one major difference currently is that IFRS permits either the "partial goodwill" or "full goodwill" method to value the goodwill and the noncontrolling interest under the acquisition method. U.S. GAAP requires the full goodwill method. Vadney adds that U.S. GAAP requires equity method accounting for joint ventures, while under IFRS, proportionate consolidation is preferred, but the equity method is permitted.
Vadney then asks Mnoyan to share her findings on the telecommunications sector. Mnoyan first presents an overview of the competitive forces that characterize the sector in the two regions. In particular, she notes that the sector in both regions is characterized by high switching costs. Vadney asks how high switching costs would affect the bargaining power of buyers and suppliers.
Mnoyan firmly believes that investing in companies located in developing countries provides strong growth potential through technological change and increases in capital, labor, and savings that contribute to higher dividend levels, even if the dividend growth rate is unaffected.
In her research report Mnoyan identifies several countries and industries with attractive investment potential. She notices that the telecommunications sector in one of the countries is characterized by a duopoly. The $50 billion telecom industry in another country in her analysis is dominated by h\e firms with market shares of $10 billion each.
Finally, Vadney and Mnoyan discuss investment opportunities in specific firms. Mnoyan values firms using both the discounted cash flow model and the franchise value method. She makes the following statements on the franchise value method:
Statement 1: A higher asset turnover ratio increases the franchise P/E ratio, one of the components of the intrinsic P/E value.
Statement 2: When firms pay out profits as dividends at a higher rate, a firm's intrinsic P/E value decreases.
The lowest possible H-index concentration for the duopoly in the telecom sector identified in Mnoyan's research report is:
A. 0.50.
B. 0.99.
C. 0.25.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
The Herfindahl index (H-index) provides an alternative way to measure industry concentration and is the sum of the squared market share of the firms in the industry. In a duopoly, two firms alone dominate the country's industry. Two firms of equal size would provide the lowest possible index level. The index level is then 2 x (0.50 = 0.50. The larger one of the firms is, the closer the index level approaches 1. (Study Session 11, LOS 36.c,d)
NEW QUESTION: 2
Your task is to provision the Junos security platform to permit transit packets from the Private zone to the External zone and send them through the IPsec VPN. You must also have the device generate a log message when the session ends.
Which configuration meets this requirement?
A. [edit security policies from-zone Private to-zone External]
user@host# show
policy allowTransit {
match {
source-address PrivateHosts;
destination-address ExtServers;
application ExtApps;
}
then {
permit {
tunnel {
ipsec-vpn VPN;
log;
count session-close;
}
}
}
}
B. [edit security policies from-zone Private to-zone External]
user@host# show
policy allowTransit {
match {
source-address PrivateHosts;
destination-address ExtServers;
application ExtApps;
}
then {
permit {
tunnel {
ipsec-vpn VPN;
} } count { session-close; } } }
C. [edit security policies from-zone Private to-zone External]
user@host# show
policy allowTransit {
match {
source-address PrivateHosts;
destination-address ExtServers;
application ExtApps;
}
then {
permit {
tunnel {
ipsec-vpn VPN;
}
}
log {
session-init;
}
}
}
D. [edit security policies from-zone Private to-zone External]
user@host# show
policy allowTransit {
match {
source-address PrivateHosts;
destination-address ExtServers;
application ExtApps;
}
then {
permit {
tunnel {
ipsec-vpn VPN;
}
}
log {
session-close;
}
}
}
Answer: D
NEW QUESTION: 3
솔루션 아키텍트는 버지니아 북부의 데이터 센터에서 애플리케이션을 실행하는 회사를위한 네트워크 솔루션을 설계하고 있습니다. 회사 데이터 센터의 애플리케이션은 us-east-1에 위치한 VPC (Virtual Private Cloud)에서 실행되는 애플리케이션과 동일한 계정 내에서 us-west-2에있는 보조 VPC에서 실행 가능한 애플리케이션에 대해 예측 가능한 성능이 필요합니다. 회사 데이터 센터는 us-est-1 리전을 제공하는 AWS Direct Connect 시설에 배치됩니다. 회사는 이미 AWS Direct Connect 연결을 주문했으며 교차 연결이 설정되었습니다.
가장 저렴한 비용으로 요구 사항을 충족시키는 솔루션은 무엇입니까?
A. us-est-1 및 us-west-2 리전에서 회사의 각 VPC에 대한 Direct Connect 연결에서 프라이빗 VIF를 생성합니다. 프라이빗 VIF를 통해 해당 지역의 VPC에 직접 연결되도록 회사의 데이터 센터 라우터를 구성하십시오.
B. Direct Connect 게이트웨이를 프로비저닝하고 us-east-1의 VPC에 대한 VGW (Virtual Private)와 us-west-2에있는 VPC의 VGW를 연결하십시오. Direct Connect 연결에서 프라이빗 VIF를 생성하여 Direct Connect 게이트웨이에 연결하십시오.
C. us-east-1 리전에서 Amazon EC2 기반 라우터 인스턴스를 사용하여 대중 교통 VPC 솔루션을 배포합니다.
us-east-1 및 us-west-2 지역에있는 대중 교통 라우터와 VGW (가상 사설 게이트웨이)간에 IPsec VPN 터널을 설정합니다.이 지역은 회사의 VPC에 연결됩니다. Direct Connect 연결에서 공개 VIF를 생성하고 대중 교통 라우터와 회사의 데이터 센터 라우터간에 공개 VIF를 통해 IPsec VPN 터널을 설정하십시오.
D. us-west-2 리전과 연결된 Direct Connect 기능에 대한 두 번째 Direct Connect 연결을 주문하십시오. 파트너와 협력하여 Direct Connect 시설에서 회사의 데이터 센터로의 다크 파이버를 통한 네트워크 확장 링크를 설정하십시오. 각 지역의 각 회사 VPC에 대한 Direct Connect 연결에서 프라이빗 VIF를 설정합니다. 프라이빗 VIF를 통해 해당 지역의 VPC에 직접 연결되도록 회사의 데이터 센터 라우터를 구성하십시오.
Answer: B
Explanation:
Explanation
https://aws.amazon.com/blogs/aws/new-aws-direct-connect-gateway-inter-region-vpc-access/
NEW QUESTION: 4
Which ONE of the following would best indicate that economic growth is taking place?
An increase in:
A. The economy's output gap
B. Investment in human capital
C. Gross domestic product sustained over a number of years
D. Investment to make good wear and tear of the national capital stock
Answer: C