GIAC GSLC Q&A - in .pdf

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  • Exam Name: GIAC Security Leadership Certification (GSLC)
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NEW QUESTION: 1
What are two characteristics that are only true of props? (Choose two.)
A. They cannot persist from one server call to another.
B. They can have enabled for use in report and Analytics.
C. They can have a total length of characters.
D. They persist, to be collected on subsequent server calls.
E. They can be used for allocation of conversion to report values.
Answer: A,B

NEW QUESTION: 2
A user is trying to setup a scheduled scaling activity using Auto Scaling. The user wants to setup the recurring schedule. Which of the below mentioned parameters is not required in this case?
A. Maximum size
B. Auto Scaling group name
C. End time
D. Recurrence value
Answer: A
Explanation:
Explanation
When you update a stack with an Auto Scaling group and scheduled action, AWS CloudFormation always sets the min size, max size, and desired capacity properties of your Auto Scaling group to the values that are defined in the AWS::AutoScaling::AutoScalingGroup resource of your template, even if a scheduled action is in effect.
Auto Scaling based on a schedule allows the user to scale the application in response to predictable load changes. The user can also configure the recurring schedule action which will follow the Linux cron format. If the user is setting a recurring event, it is required that the user specifies the Recurrence value (in a cron format., end time (not compulsory but recurrence will stop after this. and the Auto Scaling group for which the scaling activity is to be scheduled.
References:

NEW QUESTION: 3
Jason Bennett is an analyst for Valley Airlines (Valley), a U.S. firm. Valley owns a stake in Southwest Air Cargo (Southwest), also a U.S. firm. The two firms have had a long-standing relationship. The relationship has become even closer because several of Valley's top executives hold seats on Southwest's Board of Directors.
Valley acquired a 45% ownership stake in Southwest on December 31, 2007. Acquisition of the ownership stake cost $9 million and was paid in cash. Valley's stake in Southwest is such that management can account for the investment using either the equity method or the acquisition method. While Valley's management desires to fairly represent the firm's operating results, they have assigned Bennett to assess the impact of each method on reported financial statements.
Immediately prior to the acquisition. Valley's current asset balance and total equity were $96 million and
$80 million, respectively. Southwest's current assets and total equity were $32 million and $16 million, respectively.
While analyzing the use of the equity method versus the acquisition method, Bennett calculates the return on assets (ROA) ratio. He arrives at two conclusions:
Statement 1: Compared to the acquisition method, the equity method results in a higher ROA because of the higher net income under the equity method.
Statement 2: Compared to the acquisition method, the equity method results in a higher ROA because of the smaller level of total assets under the equity method.
In order to get a better picture of Valley's operating condition, Bennett is also considering the use of proportionate consolidation to account for Southwest. He makes the following statements regarding the acquisition method and a proportionate consolidation:
Statement 3: Both methods are widely accepted under the provisions of U.S. GAAP and International Financial Reporting Standards (IFRS).
Statement 4: Both methods report the same level of assets on the parent's balance sheet.
Statement 5: Both methods report all of Southwest's liabilities on the parent's balance sheet.
In addition. Valley has always wanted to pursue its goal of vertical integration by expanding its scope of operations to include the manufacturing of airline parts for its own airplanes. Therefore, it established a subsidiary, Mountain Air Parts (Mountain), in Switzerland on January 1,2008. Switzerland was chosen as the location for economic and geographical diversification reasons. Mountain will operate as a self- contained, independent subsidiary. Local management in Switzerland will make the majority of operating, financing, and investing decisions.
The Swiss franc (CHF) is the official currency in Switzerland. On January 1, 2008, the USD/CHF exchange rate was 0.77. At December 31, 2008, the exchange rate had changed to 0.85 USD/CHF. The average exchange rate in 2008 was 0.80 USD/CHF. In its first year of operations. Mountain paid no dividends and no taxes. Mountain uses the FIFO assumption for its flow of inventory.

Are Bennett's Statements 1 and 2 regarding ROA correct?
Statement 1 ;Statement 2
A. No ;Yes
B. Yes ;No
C. Yes ;Yes
Answer: A
Explanation:
Explanation/Reference:
Explanation:
ROA is calculated as net income / total assets. Both methods result in the same net income, so Statement
1 is incorrect. However, the acquisition method leads to higher reported total assets. Hence, the ROA is greater under the equity method and lower under the acquisition method (Statement 2 is correct). (Study Session 5, LOS 21.b)

NEW QUESTION: 4
Which purpose is the Business Architecture domain used for within The Open Group Architecture Framework®?
A. to describe the logical software and hardware capabilities to support the deployment of business services
B. to describe the business strategy, governance, organization, and business processes
C. to identify stakeholders, create the architecture vision, and obtain initial approvals
D. to create the blueprint for the application systems to be deployed to the core business processes
Answer: B

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