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NEW QUESTION: 1
企業はロール階層を使用して、Salesforceにデータセキュリティを実装します。彼らは同じロール階層ベースのセキュリティモデルをEinstein Analyticsに適用することを望んでいますが、ロールのユーザーは同じロールの他のユーザーが所有するデータを見ることができます。
「フラット化」変換を使用して、どの属性設定がこの要件を達成しますか？
A. 属性「include_self_id」をfalseに設定します。
B. 属性「selfjield」をfalseに設定します。
C. 属性「selfjield」をtrueに設定します。
D. 属性「include_self_id」をtrueに設定します。
Answer: D
Explanation:
説明
https://help.salesforce.com/articleView?id=bi_integrate_flatten_transformation_operation.htm&type=5
NEW QUESTION: 2
Which of the following processes identifies the threats that can impact the business continuity of operations?
A. Risk analysis
B. Function analysis
C. Business impact analysis
D. Requirement analysis
Answer: C
Explanation:
Explanation/Reference:
Explanation: A business impact analysis (BIA) is a crisis management and business impact analysis technique that identifies those threats that can impact the business continuity of operations. Such threats can be either natural or man-made. The BIA team should have a clear understanding of the organization, key business processes, and IT resources for assessing the risks associated with continuity. In the BIA team, there should be senior management, IT personnel, and end users to identify all resources that are to be used during normal operations. AnswerB is incorrect. Risk analysis is the science of risks and their probability and evaluation in a business or a process. It is an important factor in security enhancement and prevention in a system. Risk analysis should be performed as part of the risk management process for each project. The outcome of the risk analysis would be the creation or review of the risk register to identify and quantify risk elements to the project and their potential impact. Answer A is incorrect. The functional analysis process is used for converting system requirements into a comprehensive function standard.
Verification is the result of the functional analysis process, in which the fundamentals of a system level functional architecture are defined adequately to allow for synthesis in the design phase. The functional analysis breaks down the higher-level functions into the lower level functions. AnswerD is incorrect.
Requirements analysis encompasses the tasks that go into determining the needs or conditions to meet for a new or altered product, taking account of the possibly conflicting requirements of the various stakeholders.
NEW QUESTION: 3
Marie Williams, CFA, and David Pacious, CFA, are portfolio managers for Stillwell Managers. Williams and Pacious are attending a conference held by Henri Financial Education on the fundamentals of valuation for common stock, preferred stock, and other assets.
During the conference, the presenter uses an example of four different companies to illustrate the valuation of common stock from the perspective of a minority shareholder.
During the conference, the presenter uses an example of four different companies to illustrate the valuation of common stock from the perspective of a minority shareholder.
* Firm A is a noncyclical consumer products firm with a 50 year history. The firm pays a $1.80 dividend per share and attempts to increase dividends by 4% a year. Earnings and dividends have steadily increased for the past
20 years.
* Firm B is a technology firm. It has never paid a dividend and does not expect to in the near future.
Furthermore, due to large investments in new factories and equipment, the firm is not expected to generate positive free cash flow in the foreseeable future.
* Firm C is an industrial firm with currently very little competition and a dividend growth rate of 9% a year.
However, the profits in its product market have started to attract competitors and it is expected that Firm C's profits will slowly decline such that the dividend growth steadily falls each year until it reaches a growth rate of 4% a year.
* Firm D is a pharmaceutical firm that is currently enjoying high profits and paying dividends. However, the firm's strongest selling drug is coming off patent in three years. With no other drugs in the pipeline, the firm's dividend growth rate is expected to drop abruptly in three years and settle at a lower growth rate.
The next day, Pacious decides to put what he learned into practice. The stock he is valuing, Maple Goods and Services, currently pays a dividend of $3.00. The dividend growth rate is 25% and is expected to steadily decline over the next 8 years to a stable rate of 7% thereafter. Given its risk, Pacious estimates that the required return is 5%.
Williams analyzes the value of Mataka Plastics stock. Its dividend is expected to grow at a rate of 18% for the next four years, after which it will grow at 4%. This year's dividend is $5.00 and Williams estimates the required return at 15%.
From the seminar, Pacious learned that a firm's health can be gauged by the present value of its future investment opportunities (PVGO). Tackling a calculation, he uses the following example for Wood Athletic Supplies:
Stock price $90.00
Current earnings $5.50
Expected earnings $6.00
Required return on stock 15%
Pacious and Williams discuss the characteristics of firms in various stages of growth, where firms experience an initial growth phase, a transitional phase, and a maturity phase in their life. They both agree that the Gordon Growth Model is not always appropriate. Pacious makes the following statements.
Statement I: For firms in the initial growth phase, earnings are rapidly increasing, there are little or no dividends, and there is heavy reinvestment. The return on equity is, however, higher than the required return on the stock, the free cash flows to equity are positive, and the profit margin is high.
Statement 2: When estimating the terminal value in the three-stage dividend growth model, it can be estimated using the Gordon Growth Model or a price-multiple approach.
Which of the following best describes the appropriate valuation techniques for the Henri presentation scenarios?
A. Firm C should be valued using a two-stage dividend discount model. Firm D should be valued using an H dividend discount model.
B. Both Firms C and D should be valued using the H dividend discount model.
C. Firm C should be valued using an H dividend discount model. Firm D should be valued using a two- stage dividend discount model.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Firm C should be valued using an H dividend discount model. A firm that has little competition now, but has competition that is expected to increase, is a candidate for the H-model. Growth can be expected to decline as competitors enter the market. Growth then stabilizes as the industry matures.
Firm D should be valued using a two-stage dividend discount model. A firm that is expected to have a high rate of growth until patents expire, for example, should be modeled by the two-stage model, with one rate of growth before the patent expires and another rate thereafter. (Study Session 11, LOS 40.j)
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