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NEW QUESTION: 1
M is a car manufacturer in Country C. Every day, at 09.00, members of M's staff practice meditation and Tai Chi for 30 minutes, before their normal workday commences.
M's staff are paid during this time and M considers the practice to be a benefit both to staff and the company.
Staff operate with high levels of efficiency and absenteeism levels are low.
The auditors of M have recommended that M stop these sessions, stating that they consider them to be a waste of time and a drain on resources.
Which of the following aspects of M's culture would the auditors recommendation impact on?
A. Stories and myths
B. Routines and rituals
C. The organizational paradigm and values
D. Symbols
Answer: C
NEW QUESTION: 2
What value does HP Flexible Capacity provide for HP Helion CloudSystem solutions?
A. It gives a buffer of on-premise capacity that customers pay for only when they use it.
B. It integrates a cloud storage solution with the CloudSystem solution.
C. It gives customers a choice for multiple hypervisors for their cloud solutions
D. It deploys parts of the cloud solution to different data centers for disaster recovery.
Answer: A
Explanation:
With HP Flexible Capacity's pay as you grow model, you can align your revenue and expense cash flows. You have immediate access to storage, server and networking resources located on-site. With a capacity buffer, you can scale quickly and pay only for the capacity used.
NEW QUESTION: 3
Once the frequency and severity distributions for loss events have been determined, which of the following is an accurate description of the process to determine a full loss distribution for operational risk?
A. A firm wide operational risk distribution is set to be equal to the product of the frequency and severity distributions
B. A firm wide operational risk distribution is generated by adding together the frequency and severity distributions
C. The frequency distribution alone forms the basis for the loss distribution for operational risk
D. A firm wide operational risk distribution is generated using Monte Carlo simulations
Answer: D
Explanation:
Explanation
Once the frequency distribution has been determined (for example, using the binomial, Poisson or the negative binomial distributions) and the severity distribution has also been determined (for example, using the lognormal, gamma or other functions), the loss distribution can be produced by a Monte Carlo simulation using successive drawings from each of these two distributions. It is assumed that the severity and frequency are independent of each other. The resulting distribution gives a distribution showing the losses for operational risk, from which there Op Risk VaR can be determined using the appropriate percentile.Therefore Choice 'b' is the correct answer.