CFA CFA I Exam Prep
CFA Level I Chartered Financial Analyst (Page 118 )

• D — Value analysis: Correct. It examines an existing product to identify ways of reducing its cost while still providing the required functions, quality and reliability.
• E — Kaizen costing: Correct. It involves making continuous, small improvements and cost reductions while the product is already in production.

• Functional analysis: It is not limited to minimizing the cost of the originally defined functions. It examines what functions are required and how they can be provided at the lowest overall cost.
• Value engineering: Usually applies to the design and development of a new product, rather than being a fundamental redesign of existing organisational processes. That description is closer to business process re-engineering.
• Target costing: The target cost is generally established during the product development stage, before production begins. It is not continuously reset while the product is in production.

• A. Microsoft 365 group with Assigned membership
• C. Microsoft 365 group with Dynamic User membership

Why?

• Assigned membership: You explicitly add User1, User2, and User3.
• Dynamic User membership: Membership is automatically determined by a rule based on user attributes.

Why the other options are incorrect

• B and D: Security groups do not support the Microsoft 365 group expiration policy.
• E: Dynamic Device groups are intended for devices, not these users, and are also security groups.

• Storage usage of files stored in Microsoft Teams: SharePoint site usage report

• Number of active users per team: Microsoft Teams usage report

1. SharePoint site usage report
2. Microsoft Teams usage report

• B — The most significant risks are held by SQ.

• C — SQ should recognise the cars as inventory.

• F — SQ recognises revenue when LM sells a car to a third party.

• A: LM does not hold the most significant risks.
• D: LM does not recognise the cars as inventory.
• E: SQ should not recognise revenue when cars are merely delivered to LM.

• Escape to host: A virtualization attack where code escapes a guest VM and accesses the host system. Nothing in the scenario mentions virtualization.
• Browser extension: Can redirect or manipulate web-browser traffic, but not normally database-server traffic.
• Valid accounts: Describes using stolen or compromised credentials, not redirecting network traffic.
• Process injection: Injecting malicious code into a legitimate database or networking process could allow an attacker to alter how that process handles outgoing traffic.

1. Select Exchange email as a location.
2. Use the built-in Azure Storage Account key sensitive information type as the condition.
3. Configure the DLP action to encrypt the email—for example, using Microsoft Purview Message Encryption.

• B — Both inner and outer classes can be declared as with sharing.

• C — Inner classes do not inherit sharing settings from the container class.

apex 
public with sharing class OuterClass { 
    public with sharing class InnerClass { 
        // Explicitly uses sharing rules 
    } 
}

• Suspended an operator who refused to use unsafe equipment.
• Paid another operator a bonus for using it.
• Prioritised short-term productivity over employee safety.

• A — Management is not particularly concerned with managing risks.

• B — Employees will perceive that management does not care about health and safety risks.

• C — The factory’s safety record is likely to be poor.

• Feedback form: Captures opinions, not necessarily actual behavior; users may not respond.
• Questionnaire: Relies on memory and subjective judgments about usefulness.
• Interviews: Can provide valuable qualitative insights, but a sample of users may not represent overall usage accurately.

• contoso.onmicrosoft.com
• contoso1.onmicrosoft.com

• onmicrosoft.com domains: Maximum of five per tenant.
• Custom domains: Domains that your organization owns and verifies in Microsoft 365.

• Espionage: Stealing information for intelligence or competitive purposes.
• Data exfiltration: Unauthorized removal or transfer of data.
• Nation-state attack: A sophisticated attack sponsored by a government.
• Shadow IT: Unapproved technology or access methods used by employees.

• Penetration test: Tests for exploitable vulnerabilities; it does not provide a broad opinion on whether security controls operate effectively.
• Annual self-assessment: Not independent, so it provides less assurance.
• Allow each client the right to audit: Inefficient because every customer may conduct a separate audit, creating duplicated effort and disruption.

• The current and previous versions
• Which clauses were changed
• When each revision occurred
• Potentially, who made the changes

• Version validation: Verifies a version’s accuracy or integrity but does not primarily track revisions.
• Version changes: Not the standard name for a formal document-management process.
• Version updates: Describes updating a document, not the complete process of managing and tracking its revisions.

• D — Create sibling resource pools for the Production VMs and Test VMs.

• B — Configure a memory reservation on the Production resource pool.

• Shares only determine relative priority when resources are scarce; they do not guarantee memory.
• A parent resource pool alone does not provide a guarantee.
• A child pool for Test VMs does not reserve memory for Production.

• Financial performance
• Customer perspective
• Internal business processes
• Learning and growth

• Increasing the number of indicators can make the scorecard cluttered and less useful. Measures should be limited to those that are strategically important.
• The scorecard is mainly a tool for implementing and monitoring strategy, not for formulating strategy.
• It should contain both leading indicators and lagging indicators. Leading indicators predict future performance, while lagging indicators measure results already achieved.

• Laws and regulations
• Litigation holds
• Industry or contractual obligations
• Tax, financial, health, or privacy requirements

• Business strategy and direction: May influence retention, but cannot override legal requirements.
• Storage capacity and longevity: Practical considerations, not the primary driver.
• Business ease and value analysis: May support decisions after compliance obligations are identified.

• Internal interface ? connected toward the corporate network/internal firewall
• External interface ? connected toward the Internet-facing firewall

1. A route for the internal corporate network through the internal-facing interface/firewall.
2. A default route (0.0.0.0/0) through the Internet-facing interface/firewall.

• You can configure different pre-shared keys for different device groups.
• All cameras could use one key.
• All scanners could use another key.
• Each key can be associated with an appropriate role or access policy.

• T?o m?t Systems Manager Automation runbook d? ch?y l?nh kh?i d?ng l?i ?ng d?ng trên các EC2 instance.
• T?o m?t Amazon EventBridge rule ph?n ?ng khi CloudWatch alarm chuy?n sang tr?ng thái ALARM.
• Ð?t Automation runbook làm target c?a EventBridge rule.

1. Log c?a ?ng d?ng du?c ghi vào CloudWatch Logs.
2. CloudWatch alarm phát hi?n nhi?u l?i liên quan d?n vi?c restart.
3. Alarm chuy?n sang tr?ng thái ALARM.
4. EventBridge nh?n s? ki?n thay d?i tr?ng thái này.
5. EventBridge g?i Systems Manager Automation runbook.
6. Runbook restart ?ng d?ng trên các EC2 instance, không restart c? instance.

• A: SNS không tr?c ti?p g?i Systems Manager Automation runbook nhu m?t target native.
• B: Lambda có th? th?c hi?n vi?c restart, nhung ph?i t? x? lý vi?c xác d?nh instance và ch?y l?nh t? xa.
• C: Lambda ch? làm trung gian d? g?i runbook, không c?n thi?t vì EventBridge có th? g?i runbook tr?c ti?p.

• Access controls — ensuring only authorized users can access it.
• Encryption — protecting the data if it is intercepted or exposed.

• Accept: Acknowledging the risk and choosing not to take additional action.
• Transfer: Shifting the risk or financial consequences to another party, such as an insurer.
• Mitigate: Reducing the likelihood or impact through controls, such as patching or access restrictions.
• Avoid: Eliminating the activity that creates the risk.

• Gaia Portal: Controlled by Gaia administration settings, not SmartConsole Trusted Clients.
• SSH: Controlled by Gaia or operating-system SSH access settings.
• Security Gateway(s): SmartConsole connects to the Security Management Server, not directly to gateways for this purpose.

• Training or coaching
• Mentoring
• Additional support or resources
• Targeted performance improvement plans

• A: Recognition may be appropriate, but awards do not address identified gaps.
• C: Rotating schedules does not necessarily improve the specific competencies that are missing.
• D: Assessment results should be handled sensitively, but keeping them entirely private prevents useful feedback and development discussions.

• New investment: $536,500
• Resulting NPV: $0

• Driver node: Coordinates Spark jobs and runs in the compute environment.
• Worker node: Executes tasks and processes data.
• Databricks Filesystem (DBFS): Provides storage access for data used by compute resources.

• C: Develop the rule in the Rules Editor, define the events, match, and condition sections, then use the test rule feature. This directly validates the YARA-L rule without enabling it in production.
• A: UDM Search can help investigate data and refine filters, but it does not fully test YARA-L logic—especially complex event joins, match windows, and conditions.

• Tokens: Individual units of text processed by a model, such as words, subwords, or characters.
• Models: Systems that learn patterns and generate predictions or outputs.
• Binaries: Data represented using the binary number system, not semantic representations.

• Identifying the communication strategy: Usually part of a business continuity or incident response plan.
• Evaluating the risk management plan: Part of risk assessment and risk management activities.
• Establishing backup and recovery procedures: Usually part of disaster recovery planning.
• Developing the incident response plan: Part of incident response planning.

• Keep earlier prompt versions.
• Identify the last version that produced acceptable output.
• Restore it as a baseline.
• Make small, controlled changes—ideally one significant change at a time.
• Test the output after each change.

• A: Discards useful information about what worked.
• B: Large simultaneous changes make it difficult to identify the cause of problems.
• D: Accepts output that does not meet the requirements.

• Frequency/likelihood = how often or how likely the risk is to occur.
• Severity/impact = how damaging or costly the consequences would be.

• A minor equipment fault occurring frequently may have high frequency but low severity.
• A major cyberattack occurring rarely may have low frequency but high severity.
• A risk that happens often and causes substantial losses has high frequency and high severity.

• Build, measure, learn: Create something, assess real feedback or results, and adapt.
• Minimum viable product (MVP): Produce the smallest useful version to test assumptions and reduce uncertainty.
• Fail fast: Test ideas early so that unsuccessful approaches can be identified before significant time or cost is invested.

• An active relationship is used automatically when filters are evaluated. An inactive relationship does not propagate filters unless explicitly activated in DAX, so it would not reliably enforce the required security behavior.
• Apply security filter in both directions allows RLS filters to propagate across the relationship in both directions. This ensures that bidirectional filtering respects the RLS rules applied to both tables.
• Assume referential integrity is unrelated to RLS. It is mainly a DirectQuery optimization that allows Power BI to use an inner join when matching keys are guaranteed to exist.
• The relationship must therefore be active, with security filtering enabled in both directions.

• Maintain head office control: Transfer pricing generally supports decentralisation rather than direct head-office control.
• Establish centralised decision making: This conflicts with divisional autonomy.
• Develop a top-down culture: Transfer pricing is intended to support empowered divisions and goal congruence, not impose purely top-down management.

1. Wireless AP

1. Router

1. Firewall

1. Device placement

• B: Não é preciso implantar o modelo em um endpoint do Amazon SageMaker, pois o Bedrock já oferece a infraestrutura de inferência.
• C: O SageMaker Model Registry é usado para gerenciar modelos no SageMaker, não é requisito para modelos customizados no Bedrock.
• D: Não existe uma etapa geral de “conceder acesso” ao modelo customizado como requisito principal de uso. O ponto essencial é adquirir o Provisioned Throughput.

• 16GB RAM: A 64-bit OS is needed to use more than roughly 4GB effectively, but RAM capacity does not prove the CPU supports 64-bit operation.
• 500GB HDD: Storage capacity has no bearing on OS architecture.
• 1Gbps Ethernet: Network speed is unrelated to CPU architecture.

• Highly polished, organization-wide presentations
• Advanced dashboard design and customization
• Broader business-user distribution and interaction
• Specialized BI governance and modeling features

• File is shared externally ? Access level

• File is labeled “Internal only” ? Sensitivity label

• Active-active routers: Provide redundant Internet connections/devices. Both can operate, so traffic can fail over or be load-balanced.
• Active-active firewalls: Avoid a single firewall becoming a failure point while maintaining security inspection.
• Load balancers: Distribute requests across multiple web servers. If one server fails, traffic can go to the other.
• Redundant power supplies: A server with separate power supplies should connect to independent power sources or circuits.
• UPS A and UPS B: Provide backup power and redundancy. Ideally, each power supply is connected to a different UPS.
• SONET ring: A ring topology provides alternate paths if a fiber link or segment fails.

• A: Not expanding would increase its dependence.
• B: More business from the same corporation would make dependence worse.
• D: Passing work to other minority businesses does not solve its own dependence.
• E: The passage does not suggest that it can force or influence the corporation to give work to others.

1. Open the Offenses tab

1. Open the offense details

1. Review contributing events

1. Analyze the attack chain

1. Investigate the assets

1. Validate and respond