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NEW QUESTION: 1
Which of the following describes rating transition matrices published by credit rating firms:
A. Probabilities of default for each credit rating class
B. Probabilities of ratings transition from one rating to another for a given set of issuers
C. Realized frequencies of migration from one credit rating to another over a one year period
D. Expected ex-ante frequencies of migration from one credit rating to another over a one year period
Answer: C
Explanation:
Explanation
Transition matrices are used for building distributions of the value of credit portfolios, and are the realized frequencies of migration from one credit rating to another over a period, generally one year. Therefore Choice
'd' is the correct answer.
Since they represent an actually observed set of values, they are not probabilities nor are they forward looking ex-ante estimates, though they are often used as proxies for probabilities. Choice 'a' and Choice 'c' are not correct. They include more than information on just defaults, therefore Choice 'b' is not correct.
NEW QUESTION: 2
What is the purpose of the MPLS TC field (EXP bits)?
A. It is used to carry fragmentation flag information.
B. It is used to carry the Ether type value.
C. Each implementation can use it as they see fit.
D. It is used to carry QoS classification.
E. It is used to carry the TTL value.
Answer: D
NEW QUESTION: 3
During a project update meeting, one of the key stakeholders expressed his displeasure over the project management approach. One of the key deliverables had major defects which required a rework. You took responsibility for searching out the facts of this problem and created a change request to resolve the issue.
Which of the following must you do to bring anticipated future project outcomes back into alignment with the project management plan?
A. You should recommend a change request, which is an output of the Monitor and Control Project Work process, to get the project performance back in alignment with the project management plan.
B. You need to develop a risk response plan to deal with the impacts of this defects.
C. You should recommend a corrective action.
D. You should recommend a preventive action.
Answer: C
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