Test Prep CFA-Level-I Exam Prep
CFA® Level I Chartered Financial Analyst (Page 344 )

• B — AWS DataSync: Transfers data between storage systems. It is not a marketplace or integration service for third-party datasets.
• C — Kinesis Data Streams and CodeCommit: CodeCommit stores source code, not third-party analytical datasets. Kinesis is for streaming data, not retrieving datasets from repositories.
• D — Kinesis Data Streams and ECR: Amazon ECR stores container images, not third-party datasets.

• Installing software
• Applying configuration changes
• Calling PowerShell scripts
• Running setup or customization commands

cmd 
powershell.exe -ExecutionPolicy Bypass -File C:\Scripts\ConfigureVM.ps1

• GPO logon script: Runs only when a user logs on and depends on domain/GPO processing.
• GPO startup script: Runs during startup, but requires the VM to be domain joined and receives the applicable GPO.
• Place scripts in a VHD: Merely makes the scripts available; it does not automatically execute them.

• 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.

• The audience and stakeholders
• The complexity and type of requirements
• The communication method and level of detail needed
• Whether to use diagrams, models, documents, demonstrations, or slides

• B: Authority to host the presentation is not the key preparation activity.
• C: Stakeholder sign-off may occur later; presenting requirements does not always require formal approval beforehand.
• D: A scribe may be useful in a meeting, but hiring one is not a core preparation requirement for presenting.

• Marketing users: Dynamic Forms can show all fields.
• Support users: Field visibility rules can display only the Support preference fields on the record page.
• Reporting: Both profiles can still report on all fields because Dynamic Forms controls page visibility, not the underlying field access.

• A — Two record types and page layouts: Page layouts can control field placement and editability, but they are less flexible for conditional field visibility and would not be the best fit here.
• C — Muting permission set: Permission-set muting is used with permission-set groups; it does not conditionally hide fields on a page.
• D — Field-Level Security: FLS would remove field visibility at the security level. If fields are hidden by FLS, users generally cannot report on or access those fields, conflicting with the requirement that both users report on all data.

• IRR assumes that interim cash flows can be reinvested at the project’s own IRR. This may be unrealistic, especially when the IRR is very high.
• MIRR assumes reinvestment at a specified rate, usually the company’s cost of capital or another realistic reinvestment rate.

• B: MIRR does not specifically favour projects with long payback periods.
• C: MIRR and IRR can rank competing projects differently.
• D: MIRR is not always higher than IRR; it may be higher or lower depending on the cash flows and reinvestment rate.

1. Wireless AP

1. Router

1. Firewall

1. Device placement

• 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.

• Active remediation actions role in Microsoft Defender for Endpoint

• Security Reader role in Azure AD/Entra ID

• Security Administrator is broader than necessary because it grants extensive security-management permissions, violating least privilege.
• Compliance Data Administrator is intended for compliance data management, not Defender for Endpoint remediation approvals.

• A: Describes an update-set conflict, not a Dictionary Override.
• B: Describes a configuration item or change concept.
• C: Describes an approval or workflow activity.

• 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.

• IDS attack signatures: Primarily detects suspicious network activity; it is not the best control for scanning uploaded documents.
• Load balancer: Distributes traffic and can improve availability, but does not inspect files for malware.
• WAF: Helps block web attacks such as command injection and SQL injection, but it is not primarily a malware-scanning solution.

• Deterrent control: The signs warning that people may be filmed can discourage unauthorized or malicious activity. They do not directly stop the action; they influence behavior.
• Detective control: CCTV records or monitors activity so security personnel can identify events or investigate them afterward.

• Preventive: Stops an incident from occurring, such as access control.
• Corrective: Restores systems after an incident.
• Directive: Instructs people to behave in a certain way, such as a security policy.
• Compensating: An alternative control used when the preferred control is not feasible.

• 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.

• Accept: Acknowledge the risk without taking additional action.
• Transfer: Shift the risk’s impact to another party, such as through insurance or outsourcing.
• Mitigate: Reduce the likelihood or impact, such as by implementing controls.
• Avoid: Eliminate the activity or situation that creates the risk.

• Explain questions from the exam page
• Check whether the stated answer is technically correct
• Compare answer choices and eliminate distractors
• Clarify Azure AI concepts and terminology
• Point out when an answer key appears unreliable or when an image is missing

• B: Extending credit to customers increases receivables, so more cash is tied up in working capital.
• C: Replacing obsolete inventory does not reduce the overall inventory investment; it simply changes its composition.
• D: Paying suppliers earlier reduces payables. This uses cash and therefore increases the funds tied up in working capital.

• Identifies which user or department owns the device
• Supports inventory and compliance requirements
• Enables tracking of lost, stolen, retired, or unauthorized devices
• Helps enforce security controls such as mobile-device management and secure configuration

• 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.

• The product is already in production.
• The organization is examining the product’s functions and cost drivers.
• The objective is to reduce cost without reducing perceived value or required quality.

• Kaizen costing focuses on continuous, usually incremental, cost reductions during the manufacturing stage. It is not specifically the systematic examination of a product’s functions.
• Standard costing compares actual costs with predetermined standards; it is a control technique, not a product redesign method.
• Process innovation concerns developing significantly improved production processes, rather than analysing the product’s functions and value.

• STIX: A standardized format for exchanging cyber-threat intelligence.
• OVAL: A language and framework for describing and assessing system vulnerabilities and configuration issues.
• Threat intelligence feed: Provides current indicators or threat information, but is not specifically a reference for common application exploitation techniques.
• CVE: A catalog of publicly disclosed vulnerabilities, identified by unique CVE numbers.

Recommended process

1. Access each switch’s terminal.
2. Use help to identify available commands.
3. Use the MAC table command, such as:

text 
   show mac-address-table

1. Use VLAN information, such as:

text 
   show vlan

1. Use interface information, such as:

text 
   show ip interface brief

1. Record each device’s:

1. It examines the source MAC address and learns it on the incoming port.
2. It examines the destination MAC address.
3. If the destination MAC is already in the MAC/CAM table, it forwards the frame only through the associated port.
4. If the destination MAC is unknown, it performs unknown-unicast flooding:

DAX 
Previous Year Sales = 
CALCULATE( 
    [Total Sales], 
    PARALLELPERIOD('DATE'[Month], -1, YEAR) 
)

• CALCULATE evaluates [Total Sales] after modifying the filter context.
• PARALLELPERIOD shifts the current date period. -1 moves it backward, and YEAR specifies a one-year shift.
• 'DATE'[Month] is the date column used for the time calculation. In a proper date table, this should be a real date column or an appropriate calendar column—not merely text such as "January".

• Access List: controls whether a client is allowed or denied.
• Connect List: controls which wireless networks/APs a station may connect to.

• nmap - 10.11.1.130 — a network scanning command; mitigated with controls such as firewalls, monitoring, or access restrictions.
• “Click this link to get your free gift card.” — a phishing or social-engineering message; addressed through user awareness, email filtering, and authentication controls.
• “Your connection is not private.” — indicates a certificate or TLS validation problem; addressed by correcting the certificate or secure-connection configuration.

• Review the risk register.
• Check the documented risk response strategy, such as using a backup resource, reallocating work, or adjusting sequencing.
• Implement the planned response promptly.

• B: Moving the task may affect the critical path and should not be done without first evaluating the planned response and impacts.
• C: Excluding a required task would change scope and business requirements without proper analysis or approval.
• D: Updating lessons learned and the risk log may be appropriate later, but it does not address the immediate problem. First, execute the response.

• A — Use a custom controller: An Apex class can contain the page’s logic.
• C — Use a standard controller with extensions: The standard controller provides basic CRUD behavior, while an extension adds custom logic.
• E — Use a standard controller: Useful when the page works mainly with one Salesforce object and needs standard functionality.

• A page with no controller for static or controller-free content.
• A custom controller with extensions; extensions are not limited only to standard controllers.

• 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.

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.

• 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.

• 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.

• Due diligence: Investigating and evaluating a third party before entering a business relationship.
• Attestation: An independent auditor’s examination and formal report—such as the SOC 2 report itself. The analyst is reviewing the attestation, not performing it.
• Internal audit: Examines the organization’s own processes and controls.
• Penetration testing: Actively tests systems for exploitable vulnerabilities.

• B — Incorporate contextual output encoding/escaping: Encode untrusted data based on its context—HTML, attribute, JavaScript, or URL—so the browser treats it as data rather than executable code.
• D — Run untrusted HTML input through an HTML sanitization engine: Sanitization removes or neutralizes dangerous elements and attributes, such as script-related content, while preserving safe HTML where needed.

• A: Enabling client-side scripts does not prevent XSS. Script restrictions may reduce risk in some environments, but “enable” is not a general XSS control.
• C: Cookie inspection is unrelated to preventing injected scripts.
• E: The SameSite cookie attribute primarily helps mitigate CSRF, not XSS. It should not generally be described as an XSS prevention measure.

• Sales process: Controls which Opportunity Stage values are available.
• Record type: Associates the appropriate sales process with a business scenario and controls available picklist values.
• Page layout: Controls which fields are displayed and whether they are required or read-only.

• Energy Market Team 1 ? Record Type 1, Sales Process 1, Page Layout 1
• Energy Market Team 2 ? Record Type 2, Sales Process 2, Page Layout 2
• Services/Installation Team ? Record Type 3, Sales Process 3, Page Layout 3

• A single summarized value, such as total annual sales
• Progress toward a defined target or goal
• Whether performance is below, near, or above the target

• Table: Displays detailed records or summarized rows, but not goal progress visually.
• Stacked Bar: Compares multiple categories and their parts.
• Donut: Shows how a total is divided among categories, not progress toward a target.

• Warehouse size: Larger warehouses use more credits per unit of time than smaller ones.
• Number of clusters: A multi-cluster warehouse can run multiple clusters, and each active cluster consumes credits. Therefore, increasing the maximum or active cluster count can increase consumption.

• Number of users: More users may cause more workload, but users themselves do not consume credits.
• Amount of data processed: Snowflake warehouses are not charged directly by the amount of data scanned. However, processing more data may cause the warehouse to run longer, indirectly increasing credits.

• How quickly the vendor must respond to incidents or requests
• Availability or uptime requirements
• Resolution time targets
• Performance expectations and penalties for failing to meet them

• SOW (Statement of Work): Describes the work, deliverables, scope, and schedule.
• MOA (Memorandum of Agreement): Documents an agreement in which parties commit to specific responsibilities.
• MOU (Memorandum of Understanding): Records a general intention to cooperate; it may not be legally binding.

1. Start with the number of devices: 260 usable addresses.
2. Use the formula:

1. Test the host-bit values:

1. IPv4 has 32 total bits:

• /24: 254 usable — too small
• /23: 510 usable — sufficient
• /22: 1,022 usable — more waste
• /21: 2,046 usable — even more waste

• 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.

• Enforce organizational rules, such as allowed regions or required tags
• Audit resources for compliance
• Deny noncompliant deployments
• Aggregate compliance results across subscriptions

• 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.

• The application stores data on Amazon EBS volumes, so the encryption should be applied directly to those volumes.
• EBS encryption uses AWS-managed cryptographic operations and is designed to provide encryption at rest with minimal performance impact.
• The volumes are created during initial deployment, so they can be configured as encrypted when provisioned.

• B: Moving data to an encrypted S3 bucket changes the storage design and does not encrypt the EBS data the application uses.
• C: A custom encryption algorithm adds application overhead and is unnecessary.
• D: Ephemeral disks are temporary storage and can lose data when instances stop or terminate. Encrypting only the AMI’s root volume does not protect data stored elsewhere.

1. Horizontal scaling — Yes

1. Vertical scaling — Yes

1. Scaling can manage costs — Yes

• Horizontal = more or fewer instances
• Vertical = larger or smaller instances

• 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.

• A is valid:

apex 
  for (Account theAccount : AccountList) { 
      // process theAccount 
  }

• D is conceptually valid, using an index:

apex 
  for (Integer i = 0; i < AccountList.size(); i++) { 
      Account theAccount = AccountList[i]; 
  }

• B is invalid because for(AccountList) is not valid loop syntax.
• C is invalid because each item is an Account, not a List.