Exam Code: L4M5
Exam Name: Commercial Negotiation
Certification: CIPS Level 4 Diploma in Procurement and Supply
Total Questions: 132 Q&A
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NEW QUESTION: 1
NEW QUESTION: 2
A software system was developed and implemented in a project with significant cost overruns. A sponsor sends an escalation email indicating that the system is not benefiting their business as expected, and blames the project manager What should the project manager do?
A. Refer the sponsor to the other sponsors who are satisfied with the project result and suggest system training.
B. Attribute the perceived failure to a misunderstanding of project objectives between the sponsor and the team
C. Explain that the project budget was insufficient to meet all requirements
D. Refer the sponsor to the agreed-upon project acceptance criteria
NEW QUESTION: 3
Which statement is true about in-band network management?
A. A seperate network is maintaned for each management domain.
B. Network ports or swtiches are not used for domain management.
C. SSH protocol is used to access and manage the devices.
D. The control and management data share the same network.
Managing hardware remotely
In-band management is the best choice for most servers that are accessed through standard connections and when the operating system is functioning. It provides a wider range of functions and greater security because it can depend heavily on the specific management tool in use. In-band management is appropriate for wired and wireless devices. It is functions independently from switch/router platforms and versions.
NEW QUESTION: 4
The theta of a delta neutral options position is large and positive. What can we say about the gamma of the position?
A. The gamma must be large and positive
B. The gamma must be small and positive
C. The gamma must be large and negative
D. The gamma must be small and negative
The relationship between the value of an option, and its delta, gamma and theta is given by rV = + rS +
0.5(S)2, where V is the value of the option, r the risk-free rate, S the spot price of the underlying, and , & are the respective Greeks.
For a delta neutral portfolio, = 0 and this equation reduces to rV = + 0.5(S)2. Now rV is generally a small number, which means that if is large and positive, must be large and negative to offset that. Therefore Choice
'b' is the correct answer.
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