Test Prep CFA-Level-I Exam Prep
CFA® Level I Chartered Financial Analyst (Page 285 )

• Honeypots are deliberately vulnerable or attractive systems designed to lure attackers. Legitimate users should not normally access them, so activity there can indicate a successful intrusion or lateral movement.

• A DNS sinkhole redirects requests for known malicious domains to a controlled internal system instead of the real destination. Security teams can monitor those requests and identify compromised devices attempting to contact command-and-control infrastructure.

• Tokenization: Replaces sensitive data with non-sensitive tokens; it is a protection method, not an attacker-detection method.
• CI/CD: Automates software development and deployment processes.
• Threat modeling: Identifies potential threats during design and planning.
• Data obfuscation: Makes information harder to understand, but does not directly detect infiltrators.

• CHAP: Uses a challenge-response exchange, so the password is not directly transmitted.
• IPsec: Provides authentication, integrity, and encryption for IP communications.
• EAP: An authentication framework that supports stronger methods, such as certificates or token-based authentication.

• Physical: Protects facilities or equipment, such as locks and security cameras.
• Technical: Uses technology, such as firewalls, encryption, or access controls.
• Operational: Covers day-to-day actions and processes, such as training, backups, or incident response.
• Managerial: Includes policies, standards, risk assessments, and procedures.

• Configure row-level security (RLS) using the sales region and the HR manager’s identity.
• Publish the reports and datasets through a Power BI app.
• Grant the HR managers permission to use the app, but do not add them as workspace members.
• App users can view and interact with reports while RLS limits them to their region.
• They cannot modify the report layout because they do not have workspace editing permissions.

• Adding them to the workspace gives them workspace permissions that may allow report or dataset changes, depending on the assigned role.
• Creating copies is unnecessary and creates maintenance and security problems.
• Hosting datasets and reports in different workspaces does not, by itself, provide the required controlled access.

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

• Sustainability
• Performance efficiency
• Reliability

1. Search & Intelligence in the Microsoft 365 admin center — No

1. Audit in the Microsoft Defender portal — Yes

1. Audit in the Microsoft Purview portal — Yes

• Tracking who accessed or changed customer information
• Detecting unauthorized activity
• Supporting accountability and investigations
• Providing evidence for compliance and incident response

• Single sign-on not enabled: SSO improves convenience and centralized authentication, but it is not essential for access control.
• Complex passwords not required: This weakens authentication, but other controls may reduce the risk.
• Security baseline not consistently applied: A concern, but it is less specific and less immediately damaging than having no activity records at all.

• Disable default accounts: Default or unused accounts may have known usernames or predictable settings, making them targets. They should be disabled, removed, or securely configured.
• Remove unnecessary services: Every running service creates potential vulnerabilities. Removing services the server does not need reduces exploitable entry points.

• Add the server to the asset inventory: Important for asset management, but not a hardening step.
• Document default passwords: Default passwords should be changed or eliminated—not documented for continued use.
• Send server logs to the SIEM: Valuable for monitoring and detection, but generally performed as part of logging/monitoring configuration.
• Join the server to the corporate domain: May be necessary operationally, but does not itself harden the server.

1. x = -100
2. -100 < x < 100
3. 100 = x < 1000
4. x = 1000

• -500 ? class 1
• 0 ? class 2
• 100 ? class 3
• 1000 ? class 4

• C — Create a form extension and implement validation

• D — Use Chain of Command (CoC) with a form extension class

• B: Prompt caching reduces cost and latency for repeated content, but cached content still occupies the context window. It does not solve context accumulation.
• C: Switching to a smaller model changes model capacity but does not address the growing context or remove irrelevant data.
• D: Keeping everything indefinitely increases token usage, risks context-window limits, and can distract the model with outdated information.

• Match found: ServiceNow updates the existing target record.
• No match found: ServiceNow normally creates a new target record.
• No Transform Map is created or deleted based on whether a match is found.

• Three DHCP scopes: Each VLAN has its own IPv4 subnet. DHCP scopes are subnet-specific, so create one scope for:

• Two DHCP relays: DHCP client discovery begins as a broadcast, and broadcasts do not cross routers or VLAN boundaries. Therefore, configure a DHCP relay on the router or Layer 3 switch interface for each client VLAN.

• Internal audit: Reviews the organization’s own controls and processes.
• Penetration testing: Actively tests systems for exploitable vulnerabilities.
• Attestation: A SOC 2 report is an attestation product issued by an independent auditor, but the analyst is not performing the attestation. They are reviewing it as part of vendor evaluation.

DAX 
Sales % of Total = 
DIVIDE( 
    [Total Sales], 
    CALCULATE( 
        [Total Sales], 
        ALLSELECTED(Products) 
    ) 
)

DAX 
Total Sales = 
SUM(Sales[SalesAmount])

Why ALLSELECTED is required

• The numerator, [Total Sales], is evaluated for the current product.
• ALLSELECTED(Products) removes the current product’s visual filter when calculating the denominator.
• It preserves filters applied at the report, page, or slicer level.

Why not ALL(Products)?

DAX 
CALCULATE([Total Sales], ALL(Products))

• Job Links ? URL ID: Mainly summarizes link performance; it is not the easiest place to retrieve individual email addresses by alias.
• Tracking Overview ? Clicks: Provides aggregate click metrics, not a targeted list for one aliased link.
• Click Activity ? Link View: Focuses on link-level reporting, but the question’s intended workflow for locating clicks tied to a specific placement/alias is Email Overlay.

• Existing expected ROI: 15%
• New project ROI: 14%
• Cost of capital: 12%

• Project return = 14%
• Cost of capital = 12%
• It earns 2% more than the cost of capital, so it should increase shareholder value.

• Azure Cosmos DB is a globally distributed NoSQL database service. It stores and retrieves application data, but it does not provide the complete environment for building, testing, and deploying predictive analytics models.
• Azure Machine Learning is the appropriate service for this requirement. It supports creating experiments, training and testing models, and deploying them for predictions.
• Azure Machine Learning Studio provides the browser-based interface for these tasks.

Why A is the best fit

Why the other options are weaker

• B — Create alerts in Dynamics 365 Finance: Alerts notify users about changes; they do not calculate tax.
• C — Implement the Common Data Model: CDM standardizes data structures but does not provide tax-calculation logic.
• D — Run a Power BI report: Power BI is primarily for analysis and reporting. A report might display tax rates, but it would not normally calculate and apply tax to sales orders operationally.
• E — Write scripts and code: This could work, but it is less aligned with the requirement for a quick, cost-effective implementation because custom development requires more time and maintenance.

• SQL injection
• Cross-site scripting (XSS)
• Malicious or malformed web requests
• Some application-layer attacks

• Layer 4 firewall: Filters based mainly on IP addresses, ports, and transport protocols; it cannot deeply inspect web application content.
• NGFW: Provides advanced network filtering and may include application awareness, but a WAF is more specifically designed to protect web applications.
• UTM: Combines several security functions in one appliance, but it is not the most targeted solution for a web portal.

• terraform apply
• terraform destroy

• Disabling a compromised account
• Blocking a malicious IP address
• Isolating an endpoint
• Creating or escalating an incident ticket

• Virus signatures: Primarily associated with antivirus or endpoint protection.
• Security agent deployment: Usually handled by endpoint-management or security-agent platforms.
• Vulnerability scanning: Typically performed by vulnerability-management tools.

• A user connects with their Google account.
• Google associates the user’s SSH key with that identity.
• IAM roles determine whether they can log in.
• Access can be tied to a specific employee for auditing.
• Removing the IAM role removes their login access.

• compute.osLogin: regular OS login access
• compute.osAdminLogin: OS login with administrative privileges, typically including sudo

text 
enable-oslogin=TRUE

• sn_si_admin is an SIR administrator role.
• The prefix helps prevent naming conflicts between applications.
• It does not refer to a “Secure Identity token” or an instance security check.

• A. Continue using the current system: It will eventually fail and offers no recovery strategy.
• B. Virtualize the entire system: Correct. A VM can preserve the old OS, application, settings, and dependencies while running on newer physical hardware.
• C. Containerize the application: Containers generally share the host OS kernel and are not suitable for preserving an entire incompatible legacy OS.
• D. Clone the disks to USB: A disk clone may provide backup or temporary recovery, but it does not solve hardware compatibility or provide a reliable long-term platform.

• 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.

• Customers may boycott V’s products.
• Supermarket customers may stop buying from V.
• Investors may view V as having higher legal, ethical and reputational risk.
• V could face fines, lawsuits, contract losses and higher costs.
• Expected future profits may fall.

1. Create a temporary Onboarding OU.
2. Move the new account into it.
3. Move the restrictive SCPs from the organization root to the Production OU.
4. Allow the account to update AWS Config.
5. Move the account into Production after onboarding.

• An SCP attached at the organization root applies to every account and OU beneath it.
• An SCP attached to the Production OU applies only to accounts in that OU.
• Therefore, moving the restrictive SCP from the root to Production temporarily exempts the onboarding account without weakening the policies for existing production accounts.
• Once onboarding is complete, moving the account into Production subjects it to the normal restrictions.

• The selling division receives a credit based on a favourable transfer price, often market price or full cost plus a profit margin.
• The receiving division is charged a lower amount, such as marginal cost or another agreed price.
• The difference is accounted for centrally by head office or a corporate adjustment.

• Reduce the training data: Usually makes overfitting worse.
• Add hyperparameters: Hyperparameters already control training; simply adding them does not solve the problem. Proper tuning could help, but that is not what the option states.
• Increase training time: More training can worsen overfitting if the model is already memorizing the training data.

• 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.

• Economy: Obtaining inputs at the lowest appropriate cost.
• Efficiency: Making the best use of resources, such as staff, money, and equipment.
• Effectiveness: Achieving the intended objectives or outcomes.

• Employees can work from any location, including remote sites and offices worldwide.
• Login can be relatively seamless after the device is registered.
• It does not require distributing additional physical authentication equipment.

• Geotagging: Identifies location, but location alone is not a strong authentication method and may prevent legitimate remote access.
• Smart cards: Provide strong authentication but require card readers and physical cards, increasing equipment and management requirements.
• Time-based logins: Typically involve one-time codes that users must enter, making the experience less seamless and potentially requiring a token or authenticator app.

• The CSV contains the external users’ email addresses.
• The bulk invitation feature supports inviting many guest users in one operation.
• Each invited user becomes a guest account in contoso.com.

• 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.

• Base table — the table containing common inherited fields
• Parent table — the table directly extended by the child
• Other tables in the hierarchy

• Recovery Services vault — stores Site Recovery configuration and recovery metadata.
• Hyper-V site — represents the on-premises Hyper-V environment.
• Azure virtual network — the target network where the replicated VM will run after failover. Since Azure VMs already use the same virtual network, that VNet can be selected as the target.
• Storage account or managed-disk target, depending on the ASR configuration and portal version.
• Provider/agent on the Hyper-V server — enables replication from Hyper-V to Azure.

• Vulnerability scanner: Finds known technical weaknesses in systems or applications, but does not provide complete supply-chain visibility.
• Penetration test: Simulates attacks against defined targets; it is narrower than a full supply-chain analysis.
• SCAP: A set of standards and protocols for automated security configuration and vulnerability assessment, not a comprehensive supply-chain mapping tool.

• Microsoft manages the physical datacenter, hardware, and virtualization.
• You manage the virtual machine’s operating system, installed software, configuration, and data.
• You choose the VM size, storage, networking, and scaling options.

• SaaS: You consume a complete application managed by the provider, such as Microsoft 365.
• PaaS: You deploy applications without managing the underlying operating system or VM infrastructure, such as Azure App Service.

1. Version 1.0.0.0 — original published version
2. Version 2.0.0.0 — newly created and published version
3. Version 3.0.0.0 — new version created when version 1 is restored

• SQL injection: Manipulates database queries through application input.
• XML external entities (XXE): Abuses XML parsers to access files, internal systems, or other resources.
• Cross-Site Request Forgery (CSRF): Tricks an already authenticated user’s browser into sending an unwanted request. It generally does not steal session cookies.

• Create the field in the CRM on the relevant person records—typically Lead and Contact in Salesforce.
• Give the Marketo Sync User read/write access to the field.

• Deterrent control: The signs warning people they may be filmed discourage unauthorized or malicious behavior. They may prevent incidents by influencing behavior, but their primary purpose is to deter.
• Detective control: The CCTV system monitors and records activity so security personnel can identify suspicious or unauthorized actions.

• Preventive: Blocks or prevents an incident, such as a lock or access-control system.
• Corrective: Fixes or restores systems after an incident.
• Directive: Tells people what they must do, typically through policies or procedures.
• Compensating: Provides an alternative control when the preferred control cannot be used.

• Crash cart: Provides local physical access, not remote access.
• Jump box: A secured intermediary used to reach devices over the normal network; it may be inaccessible if the appliance has not booted.
• Secure Shell (SSH): Requires the device’s operating system and network services to be running properly.

• Attack simulator — Used to run phishing and other attack simulations for user awareness training.
• Hunting — Used to proactively query security data and investigate potential threats.
• Incidents — Used to investigate and manage related alerts and active security events.

• The requirement is to obtain an assessment of the Azure environment’s design.
• The proposed solution is the Premier support plan.
• Premier can provide this type of guidance, but it is a higher-tier, more expensive option.
• The question specifically says to keep costs to a minimum. A lower tier—typically Professional Direct in the support-plan model used by this question—provides architectural/design guidance.

• STP elects the switch with the lowest Bridge ID as the root bridge.
• The Bridge ID consists mainly of bridge priority + MAC address.
• If multiple switches have the same priority, the switch with the lower MAC address is preferred.
• STP bridge priority values are configured in increments of 4096, such as 0, 4096, 8192, and so on. 32768 is the standard default value.

• Incident and problem management
• Change management
• Service-level management
• Configuration management
• Continual improvement

• Kanban: A workflow and task-visualization method; useful within service teams but not a complete service-management framework.
• Lean Six Sigma: Focuses on reducing waste and process variation; broader process-improvement methodology.
• ITSM: The overall discipline of managing IT services, not a specific framework or process model.