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Exam Code:
HPE3-CL01
Exam Name:
Storage Portfolio Exam
Questions:
94 Q&A
Product Type:

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NEW QUESTION: 1
What are two advantages of implementing a thin provisioning storage solution? (Choose two.)
A. It enables the logical partitioning of ports, cache and disks (parity groups).
B. Provisioning storage from a virtual pool improves storage utilization.
C. Striping data across many spindles optimizes back-end performance.
D. Large volume performance is increased because each parity group has a unique workload.
Answer: B,C

NEW QUESTION: 2
The contents of the raw data file FURNITURE are listed below:
--------10-------20-------30
chair,,table
chair,couch,table
The following SAS program is submitted:
data stock;
infile 'furniture' dsd;
input item1 $ item2 $ item3 $;
run;
Which one of the following is the value of the variable named ITEM2 in the first observation of the output data set?
A. ' ' (missing character value)
B. table
C. ,table
D. . (missing numeric value)
Answer: A

NEW QUESTION: 3
John Ketchum is an investment adviser representative with Load Investment Advisers, which has a family of load funds that it encourages its representatives to promote. Representatives of the firm that sell shares in these funds to their clients receive a greater share of the load than they do if they sell load funds offered by other firms.
Based on these facts, which of the following statements is true?
A. John is obligated to try to sell his clients the funds offered by Load first since he is affiliated with them and has a fiduciary responsibility to them.
B. If, after reviewing the information form a client has filled out, John believes that one of Load's funds is an appropriate investment, John can recommend that the client invest in that fund. There is no disclosure requirement necessary if the recommendation is a sound one that can be proved to be based on the client's specific situation.
C. Both A and B are true.
D. John must provide his clients with a written disclosure that he will receive a greater remuneration for selling shares in the Load family of funds than if he sells them shares in other funds before he provides his clients with any investment advice.
Answer: D
Explanation:
Explanation/Reference:
Explanation: As a representative for a family of load funds who receives greater remuneration for selling those funds, John must provide his clients with a written disclosure of this fact before providing any advice, according to NASAA Model Rules. This constitutes a material conflict of interest that must be disclosed "to clients in writing before any advice is rendered." John is not obligated to try to sell his clients the funds offered by Load first. His fiduciary responsibility is to his clients, not his employer.

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