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L4M7 Exam Simulator
  • Exam Code: L4M7
  • Exam Name: CIPS Whole Life Asset Management
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  • Q & A: 40 Questions and Answers
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NEW QUESTION: 1
Using the EMC Avamar sizing tool, you have determined that a customer requires four 2 TB data nodes. Since the customer is protecting only 5 TB of data, how is the additional storage used?
A. Backup schedules and client configuration
B. RAID, RAIN, and checkpoints
C. Replication configuration information
D. Backup catalog and file indices
Answer: D

NEW QUESTION: 2
You administer a SQL Server 2005 Reporting Services server. Your company publishes reports to a public Web site. Customers can view the reports without providing user credentials. You plan to upgrade the server to use SQL Server 2008 Reporting Services. You need to ensure that customers can continue to view the reports without providing user credentials. What should you do?
A. Enable Basic authentication.
B. Use a custom authentication extension.
C. Enable Anonymous access on the IIS virtual directory.
D. Select Windows Authentication and add the Guest user account.
Answer: B

NEW QUESTION: 3
What is a drawback to performing data cleansing (imputation, transformations, etc.) on raw data prior to
partitioning the data for honest assessment as opposed to performing the data cleansing after partitioning
the data?
A. It omits the training (and test) data sets from the benefits of the cleansing methods.
B. It requires extra computational effort and time.
C. There is no ability to compare the effectiveness of different cleansing methods.
D. It violates assumptions of the model.
Answer: C

NEW QUESTION: 4
If a publicly held company issues financial statements that purport to present its financial position and
results of operations but omits the statement of cash flows, the auditor ordinarily will express a(an):
A. Disclaimer of opinion.
B. Qualified opinion.
C. Review report.
D. Unqualified opinion with a separate explanatory paragraph.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "B" is correct. If a company issues financial statements that purport to present financial position
and results of operations but omits the related statement of cash flows, the auditor will normally conclude
that the omission requires qualification of the opinion.
Choice "A" is incorrect. If the company fails to present its statement of cash flows, this is considered
inadequate disclosure. The auditor would not issue a disclaimer of opinion for inadequate disclosure.
Choice "C" is incorrect. The auditor would not issue a review report when performing an audit.
Choice "D" is incorrect. The auditor cannot issue an unqualified report if the client omits a statement of
cash flows from the financial statements.

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