CFA CFA I Exam Prep
CFA Level I Chartered Financial Analyst (Page 426 )

• A — VARIANT "null" values are not the same as SQL NULL values: True

• B — Frequent, single-row DMLs: False

• C — Validate data before loading into the target table: True

• D — Use staging tables to manage MERGE statements: True

• Prevention costs: Avoiding defects, such as staff training and improved product design. The company has invested in these.
• Appraisal costs: Detecting defects before products reach customers, such as inspection and testing. The planned batch sampling has not been implemented.
• Internal failure costs: Correcting defects found before delivery.
• External failure costs: Dealing with defects after delivery, such as refunds, replacements, complaints and lost sales.

• RTO is how quickly service must be restored.
• RPO is how much data loss is acceptable.

• Snapshots: Restore points may be older and require restoration time.
• On-site backups: Usually require rebuilding or restoring systems, producing higher RTO/RPO.
• Journaling: Records database changes and can reduce data loss, but it still generally requires recovery or replay operations; it does not by itself provide the fastest service restoration.
• Hot site: Designed for rapid failover and minimal data loss.

• A: Knowledge of IT platforms, networks, and methodologies — Useful technical knowledge, but the CISO does not need to be the deepest technical expert.
• C: Regulatory and project management knowledge — Important, but compliance and projects must still support the organization’s broader needs.
• D: Managing people and resources — Essential for execution, but effective management of the wrong security priorities will not produce good results.

• LastName: Required.
• FirstName: Optional.
• AccountId: Optional; a Contact may be associated with an Account later or remain private, depending on organization settings.
• Name: A compound display field made from first and last name; it isn’t entered as a separate field.

• The vulnerability scan identifies a vulnerability.
• The administrator verifies that the vulnerability is not present.
• Therefore, the scan produced a false positive.

• True positive: A vulnerability is reported and genuinely exists.
• False negative: A vulnerability exists, but the scan fails to detect it.
• True negative: No vulnerability exists, and the scan correctly reports no issue.

• Business
• People
• Governance
• Platform
• Security
• Operations

• Sustainability
• Performance efficiency
• Reliability

• Review administrative-role membership ? PIM access reviews
• Require justification for continued membership ? PIM can require justification when activating or maintaining privileged access
• Alerts about administrator assignment changes ? PIM alerts and notifications
• History of administrator activation ? PIM audit history
• See changes made to Azure resources ? PIM activation/audit information can be correlated with Azure Activity Logs

• IaaS: You deploy and manage virtual machines, including the operating system and installed software. Azure manages the physical datacenter, hosts, and networking infrastructure.
• PaaS: Azure manages the infrastructure and operating system, while you deploy and manage your application code. Examples include Azure App Service and Azure Functions.

• B. Deploy to a SageMaker endpoint: This is needed for SageMaker-hosted models, not for a model intended to be used directly in Amazon Bedrock.
• C. Register with SageMaker Model Registry: SageMaker Model Registry is unrelated to invoking custom models in Bedrock.
• D. Grant access in Bedrock: Access permissions may be necessary, but they do not replace the required provisioned capacity.

• Prevention costs – costs incurred to stop defects occurring, such as staff training, quality planning and supplier evaluation.
• Appraisal costs – costs of checking whether products meet standards, such as inspection, testing and quality audits.
• Internal failure costs – costs of defects found before delivery to customers, such as scrap, rework and retesting.
• External failure costs – costs of defects found after delivery, such as warranty claims, returns, complaints and product recalls.

• Internal hostnames and subdomains
• Network structure and naming conventions
• Servers and services
• Relationships between systems

• Determining ISP-assigned address space: Usually involves external registration and DNS information, not internal host discovery.
• Bypassing DNS sinkholing: Would require evidence that malicious DNS requests avoided redirection.
• Initial access: DNS queries alone do not show that the attacker gained access.
• Exfiltrating data: DNS tunneling can do this, but the snippet would typically show encoded or unusually long DNS queries.

• B. Conditional access policies

• D. Additional authentication factors

• Disciplinary actions: Punish users but do not prevent credential-based attacks.
• More regular account audits: Useful for finding inactive or excessive accounts, but less direct for stopping unauthorized logins.
• Content filtering: Primarily controls web or email content, not authentication.
• Review of permissions: Reduces privilege but may not stop unauthorized account access.

• Suspended an operator who correctly refused to use unsafe equipment.
• Rewarded another operator for using the equipment despite the broken safety guard.

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

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

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

• What information each stakeholder needs
• When and how often it should be communicated
• Which format or channel should be used
• Who is responsible for communicating it

• A: The team should not decide stakeholder communications without first checking the established plan and CEO’s needs.
• B: An executive summary may be appropriate, but choosing a solution before reviewing the plan is premature.
• D: The stakeholder engagement plan addresses how to engage stakeholders, but this is primarily a communication planning issue.

• 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.

• 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.

• Identity: User-assigned managed identity

• Authorization: Azure RBAC

• Microsoft Foundry is an enterprise platform for developers, data scientists, and IT teams.
• It supports the full AI application lifecycle: selecting models, connecting enterprise data, developing, evaluating, deploying, monitoring, and scaling solutions.
• It can include visual tools and low-code experiences, but it is not primarily designed to enable business users to build complete generative AI solutions independently.

• B: You still need to select and configure an appropriate model.
• C: Business users may participate through visual tools, but they are not the primary target audience.
• D: Foundry includes low-code tools, but it is not fundamentally a low-code-only platform.

• Run the backup with WITH CHECKSUM
• Store the backup on an SMB network share

sql 
BACKUP DATABASE DB1 
TO DISK = '\\FileServer\SqlBackups\DB1_full.bak' 
WITH CHECKSUM;

• DMS does not create the SQL Server backups for you.
• You must provide a valid full database backup.
• You must continue taking transaction log backups while the source database remains online.
• The full backup and subsequent log backups must be available in the SMB share that DMS can access.
• WITH CHECKSUM enables backup checksum validation, helping detect backup corruption.

• Products ? OrderHistory: Products is 1, OrderHistory is many (1:*)

• Date ? OrderHistory: Date is 1, OrderHistory is many (1:*)

• A: It allows for branching and merging...

• C: It allows multiple engineers to work against the same code and configuration files and manage differences and conflicts.

• B: Build automation and infrastructure provisioning are handled by CI/CD and automation tools, not by version control alone.
• D: User Stories and backlogs are managed by project-management tools.
• E: Version control stores and tracks code, but it does not itself ensure that developers write effective unit tests.

• Accept: Acknowledge the risk and take no additional action.
• Transfer: Shift the risk or its financial impact to another party, such as through insurance or outsourcing.
• Mitigate: Reduce the likelihood or impact of the risk, such as by implementing security controls.
• Avoid: Eliminate the activity or exposure that creates the risk.

• Security groups
• Dynamic security groups
• Cloud-only or synchronized security groups

• Microsoft 365 groups
• Distribution groups
• Mail-enabled distribution groups

• Form layout
• Related lists
• Dictionary settings
• UI policies
• Client scripts
• Views and field visibility

• Personalization usually affects only the individual user.
• System configuration can affect other users, depending on its scope and conditions.

• B — Sales staff will tender for riskier contracts:

• C — Sales staff will encroach on other territories:

• D — Sales staff will look for new jobs:

• Fine-tuning requires a properly formatted training dataset.
• For classification or instruction-style fine-tuning, examples are supplied in JSONL format.
• Each line represents one training example, typically containing the input prompt and the desired completion or label.
• The file must then be uploaded or made available to the Microsoft Foundry fine-tuning workflow.

• A: Prompt Flow is useful for prompt experimentation, but it is not required to start fine-tuning.
• B: You do not need to deploy the base model to an online endpoint before fine-tuning.
• C: Tracing supports observability and evaluation, but it does not prepare the fine-tuning job or dataset.

• A. IDS attack signatures: An IDS primarily detects suspicious network activity; it is not the best control for scanning uploaded documents for malware.
• C. Load balancer: Distributes traffic among servers and improves availability, but does not inspect files for malware.
• D. WAF: Protects web applications against attacks such as SQL injection and command injection. It may help secure the upload function, but malware scanning is the key requirement here.

• Default route: 0.0.0.0/0; used only when no more specific route exists.
• Network route: A route covering the destination, such as 10.10.13.0/24.
• Host route: An exact 10.10.13.10/32 entry in the routing table.
• Floating static route: A backup static route with a higher administrative distance.

• A business-hours greeting
• An after-hours greeting
• A holiday greeting

• Weekday evenings/nights
• Saturdays and Sundays

1. Auto attendant 1

1. Auto attendant 2

• 255.255.255.128 = /25: 128 total, 126 usable
• 255.255.255.192 = /26: 64 total, 62 usable
• 255.255.255.224 = /27: 32 total, 30 usable
• 255.255.255.240 = /28: 16 total, 14 usable

• One for the network address
• One for the broadcast address

• 8 total addresses
• 6 usable addresses
• Mask: 255.255.255.248

1. The specific table — for example, incident
2. The parent table — for example, task
3. The wildcard table — *, which applies broadly

• 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.

1. Discovery tries the SSH probe first.
2. SSH fails.
3. Discovery tries SNMP, which succeeds.
4. Discovery records SNMP as the preferred service for that IP.
5. Future discoveries try SNMP first.

• Classification identifies the type of device, such as a server, router, or printer.
• Credential affinity remembers which credentials work for a device.
• MID Server affinity associates a device or network with a particular MID Server.
• IP service affinity specifically controls the preferred discovery protocol or service.

• Customize Opportunity Contact Role
• Add the Opportunity Contact Role related list to the Opportunity page layout

• terraform init is normally required first, especially for a new or changed working directory. It installs providers/modules and configures the backend.
• terraform plan previews the proposed changes.
• terraform apply applies those changes. It also creates a plan internally if you have not supplied a saved plan.

text 
terraform init 
terraform validate       # optional but recommended 
terraform plan 
terraform apply

• File is shared externally ? Access level

• File is labeled “Internal only” ? Sensitivity label

• NTLM: Uses Windows challenge-response authentication and does not provide the normal web-based MFA redirect flow.
• Single Sign-On: Automatically reuses existing credentials; it is intended to avoid prompting, not to support an MFA workflow.
• Transparent: Intercepts the session without redirecting the user to a separate authentication page.

• Render thousands of animation frames
• Generate product images in multiple sizes
• Apply filters or transformations to a large image collection
• Produce visual effects for a video

• Constrained VMs: VMs whose workloads are experiencing resource pressure, such as insufficient CPU or memory. They may need additional resources or optimization.
• Overprovisioned VMs: VMs allocated more CPU, memory, or storage than their workloads require. Their resources may be reclaimed or reduced.

• Underprovisioned VMs: This is not the predefined view identified for this report question.
• Zombie VMs: These are typically inactive or unused VMs and are useful for cleanup, but they are not the two views specifically intended here to identify inefficient resource allocation.

Statement 1 — Correct

Statement 2 — Correct

text 
user<TAB>action<TAB>status

text 
user|action|status

• Colons: Although colons commonly appear in log data, they are not a supported delimiter choice in the FX workflow described by this exam question.
• Spaces: Spaces are not treated as a supported delimiter for this extraction method; ordinary text often contains variable spacing.

• A is correct: It establishes the revised dates and identifies the effect on the critical path.
• B is premature: Stakeholders should be informed after the impact has been assessed and the updated schedule is understood.
• C is not automatically appropriate: Fast-tracking may introduce additional risk and should be considered only after analyzing schedule options.
• D is premature: Adding resources may not resolve a dependency and could increase costs without addressing the actual constraint.

• Report on the discount approval time for quotes

• Dashboard of opportunity stage duration

• Lead conversion trends measure lead-generation effectiveness, not opportunity closing time.
• Campaign ROI evaluates marketing performance, not delays in the sales process.

• The users currently have Office 365 Enterprise E3 licenses assigned directly.
• Assigning Microsoft 365 Enterprise E5 through a group does not automatically remove their directly assigned E3 licenses.
• From the Licenses blade, you can select the E3 product and remove it from all assigned users in one operation. This requires less effort than editing 2,500 users individually.

• Identity Governance manages access reviews, entitlement management, and related governance—not bulk license removal.
• Set-AzureAdUser does not remove product licenses.
• Set-WindowsProductKey applies Windows product keys and is unrelated to Microsoft 365 licensing.

Manager role

DAX 
Country[Manager] = USERPRINCIPALNAME()

• Sales
• Human Resources

CFO role

• See sales for all countries
• See no Human Resources data

• Do not restrict the Country table or Sales table.
• Apply a filter to Human Resources that always returns false, such as:

DAX 
FALSE()

• Disable high concurrency: Changes workspace-wide behavior and is not the targeted way to isolate these workloads.
• Modify the number of executors: Adjusts capacity and performance, but does not provide workload isolation.
• Set the default environment: Controls libraries and runtime configuration, not compute isolation.

• Determine the project budget — Budget development is a separate cost-management activity.
• Develop a communication plan — This belongs to project communications planning, not schedule completion.
• Establish baselines — Baselines are created after the schedule and related plans have been developed and approved. They formally capture the approved plan.