...$735.03. ANS: T DIF: 2 REF: 27-1 NAT: Analytic LOC: The Study of economics, and definitions of economics TOP: Present value MSC: Applicative 2. If a savings account pays 5 percent annual interest, then the rule of 70 tells us that the account value will double in approximately 14 years. ANS: T DIF: 2 REF: 27-1 NAT: Analytic LOC: The Study of economics, and definitions of economics TOP: Compounding MSC: Applicative 3. The present value of $100 to be paid in two years is less than the present value of $100 to be paid in three years. ANS: F DIF: 1 REF: 27-1 NAT: Analytic LOC: The Study of economics, and definitions of economics TOP: Present value MSC: Analytic 4. The future value of $1 saved today is $1/(1 + r). ANS: F DIF: 1 REF: 27-1 NAT: Analytic LOC: The Study of economics, and definitions of economics TOP: Present value MSC: Analytical 5. The present value of any future sum of money is the amount that would be needed today, at current interest rates, to produce that future sum. ANS: T DIF: 1 REF: 27-1 NAT: Analytic LOC: The Study of economics, and definitions of economics TOP: Present value MSC: Interpretive 6. The sooner a payment is received and the higher the interest rate, the greater the present value of a future payment. ANS: F DIF: 1 REF: 27-1 NAT: Analytic LOC: The Study of economics, and definitions of economics TOP: Present value MSC: Analytical 7. A company that can build a project that will cost $50,000, but returns...
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...O Foreword About OWASP About OWASP The Open Web Application Security Project (OWASP) is an open community dedicated to enabling organizations to develop, purchase, and maintain applications that can be trusted. At OWASP you’ll find free and open … • Application security tools and standards • Complete books on application security testing, secure code development, and security code review • Standard security controls and libraries • Local chapters worldwide • Cutting edge research • Extensive conferences worldwide • Mailing lists • And more … all at www.owasp.org All of the OWASP tools, documents, forums, and chapters are free and open to anyone interested in improving application security. We advocate approaching application security as a people, process, and technology problem, because the most effective approaches to application security require improvements in all of these areas. OWASP is a new kind of organization. Our freedom from commercial pressures allows us to provide unbiased, practical, cost-effective information about application security. OWASP is not affiliated with any technology company, although we support the informed use of commercial security technology. Similar to many open-source software projects, OWASP produces many types of materials in a collaborative, open way. The OWASP Foundation is the non-profit entity that ensures the project’s long-term success. Almost everyone associated with OWASP is a volunteer, including the OWASP Board, Global Committees...
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...Turn risks and opportunities into results Exploring the top 10 risks and opportunities for global organizations Oil and gas sector Contents Introduction Executive summary Part 1: Risks Ernst & Young sector risk radar The top 10 risks 1. Access to reserves: political constraints and competition for proven reserves 2. Uncertain energy policy 3. Cost containment 4. Worsening fiscal terms 5. Health, safety and environmental risks 6. Human capital deficit 7. New operational challenges, including unfamiliar environments 8. Climate change concerns 9. Price volatility 10. Competition from new technologies 1 3 6 7 8 8 10 12 14 16 18 20 21 22 23 24 25 26 26 28 29 30 32 34 36 38 39 40 42 Part 2: Opportunities Ernst & Young opportunity ladder The top 10 opportunities 1. Frontier acreage 2. Unconventional sources 3. Conventional reserves in challenging areas 4. Rising emerging market demand 5. NOC-IOC partnerships 6. Investing in innovation and R&D 7. Alternative fuels, including second generation biofuels 8. Cross-sector strategic partnerships 9. Building regulatory confidence 10. Acquisitions or alliances to gain new capabilities Methodology Introduction While risk continues to dominate the business agenda, competition is also becoming just as dominant a feature. Market volatility, pricing pressure, variations in market performance, demanding stakeholders — all have contributed to a global economy that encourages competitive drive. And with that drive comes...
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...COB Project Risk Report June 2014 |COB Project | Revision History |Change Log | |Revision # |Date of Revision |Owner |Summary of Changes | |01 |06/08/2014 | |DRAFT Released | | | | | | Table of Contents 1. Introduction 2 1.1 Purpose 2 1.2 Scope 2 1.3 Document Maintenance 2 2. Top 10 Risk 3 Appendix A - Project Risk Report A-1 Project Information A-1 Risks (Top 4) from Risk Register A-1 Corrective Action A-2 Introduction 1 Purpose The purpose of Project Status Summary Report is to provide a consistent approach of reporting the status of project activities across all major capital projects. 2 Scope The Project Status Report will identify the process (es) used to create, update, and publish the report. 3 Document Maintenance This document will be reviewed quarterly and updated...
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...Software Risk Management: Principles and Practices BARRY W. BOEHM, Defense Advanced Research Projects Agency I) Identzhing and dealing with risks early in development lessens long-tem costs and helps prevent so@are disasters. It is easy t o begin managing risks in your environment. their early stages, the software field has had its share of project disasters: the software equivalents of the Beauvais Cathedral, the hWlS Titanic, and the “Galloping Gertie” Tacoma Narrows Bridge. The frequency of these software-project disasters is a serious concern: A recent survey of 600 firms indicated that 35 percent of them had at least one runaway software project.’ Most postmortems of these softwareproject disasters have indicated that their problems would have been avoided or strongly reduced if there had been an explicit early concern with identifylng and resolving their high-risk elements. Frequently, these projects were swept along by a tide of optimistic enthusiasm during their early phases that caused them to miss some clear signals of high-risk issues that proved to be their downfall later. Enthusiasm for new software capabilities is a good thing. But it must be tempered with a concern for early identification and resolution of a project’s high-risk elements so people can get these resolved early and then focus their enthusiasm and energy on the positive aspects of their product. Current approaches to the software process make it too easy for projects to make high-risk commitments...
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...Asset Pricing Model, investors are primarily concerned with portfolio risk, not the risks of individual stocks held in isolation. Thus, the relevant risk of a stock is the stock's contribution to the riskiness of a well-diversified portfolio. 3. The major advantage of a regular partnership or a corporation as a form of business organization is the fact that both offer their owners limited liability, whereas proprietorships do not. 4. Midway through the life of an amortized loan, the percentage of the payment that represents interest is equal to the percentage that represents principal repayment. This is true regardless of the original life of the loan. 5. The inventory turnover ratio and days sales outstanding (DSO) are two ratios that are used to assess how effectively a firm is managing its assets. ____ ____ ____ ____ Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 6. You recently sold to your brother 200 shares of Disney stock, and the transfer was made through a broker, and the trade occurred on the NYSE. This is an example of: a. A futures market transaction. b. A primary market transaction. c. A secondary market transaction. d. A money market transaction. e. An over-the-counter market transaction. 7. Ten years ago, Levin Inc. earned $0.50 per share. Its earnings this year were $2.20. What was the growth rate in Levin's earnings per share (EPS) over the 10-year period? a. 15.17% b. 15.97% c. 16.77% d....
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...hemorrhage, placenta previa presents classically as painless bleeding. Bleeding is thought to occur in association with the development of the lower uterine segment in the third trimester. Placental attachment is disrupted as this area gradually thins in preparation for the onset of labor. When this occurs, bleeding occurs at the implantation site as the uterus is unable to contract adequately and stop the flow of blood from the open vessels. Thrombin release from the bleeding sites promotes uterine contractions and a vicious cycle of bleeding-contractions-placental separation-bleeding. Frequency United States Placenta previa occurs in 0.3-0.5% of all pregnancies. The risks increase 1.5- to 5-fold with a history of cesarean delivery. With an increased number of cesarean deliveries, this risk can be as great as 10%. Recent studies show that a previous cesarean delivery did not increase the odds of...
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...ALL FI515 Week 5 Exam Answers ------------------------------------------------- Top of Form QUESTION 1: Which of the following statements is CORRECT? 1. One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability. 2. It is generally easier to transfer one’s ownership interest in a partnership than in a corporation. 3. One of the advantages of the corporate form of organization is that it avoids double taxation. 4. One of the advantages of a corporation from a social standpoint is that every stockholder has equal voting rights, i.e., “one person, one vote.” 5. Corporations of all types are subject to the corporate income tax. ------------------------------------------------- Top of Form QUESTION 2: Which of the following statements is CORRECT? 1. The statement of cash flows reflects cash flows from operations, but it does not reflect the effects of buying or selling fixed assets. 2. The statement of cash flows shows where the firm’s cash is located; indeed, it provides a listing of all banks and brokerage houses where cash is on deposit. 3. The statement of cash flows reflects cash flows from continuing operations, but it does not reflect the effects of changes in working capital. 4. The statement of cash flows reflects cash flows from operations and from borrowings, but it does not reflect cash obtained by selling new common stock. 5. The statement of cash flows shows how much the firm’s cash—the total of currency...
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...Top 10 Project Management skills The top 10 project management skills Projects, by definition, have specific start and end dates. Other characteristics of a project include a defined scope, finite budget, specific end results (or deliverables), and assigned resources. Another characteristic of a project is that the work is unique. Even if one project is similar to another, it’s not exactly the same because circumstances change and things are always different when you’re dealing with people. One of the primary roles of managers is to manage the work process. While small projects don’t necessarily require much knowledge of project management or much project management discipline, as a project gets larger, there is more need to utilize formal processes and techniques. Different project management methodologies organize and structure these processes in various ways. The goal for this project management primer is to examine 10 basic skills of project management: 1. Define the project 2. Plan the work 3. Manage the workplan 4. Manage issues 5. Manage scope 6. Manage risks 7. Manage communication 8. Manage documentation 9. Manage quality 10. Manage metrics In general, if you can master these areas, you can succeed in most projects. Project work vs. project management Notice that the list doesn’t include analysis, design, testing, or implementation. Those who have worked on projects probably know that they typically include analysis and testing. However, there...
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...communication from the very beginning. Specifically, clear definitions and direction are a must to achieve identified program goals. In this case study, five areas have been identified as the top issues to address and are listed in order of priority. Project Goals First and foremost, the project goals must be defined so we can identify any deliverables, meet specific requirements and ensure the scope of the project timeframe and allocated budget are realistic. The team’s subject matter experts should be consulted to validate all specific requirements and determine if the identified goals are attainable. The Program Manager will measure the group’s performance to ensure the project is completed on time, on budget and produces all required deliverables in order to satisfy the customer. Project Resources Secondly, project resources must be identified and evaluated to ensure the proper use, effectiveness, and determine if they will be shared and readily available. Any potential risks should be identified in personnel, in and outside the team, and the storage and access to required documents. Oobstacles to obtaining timely access to resources and identifying hidden costs and potential team training shortfalls needs to be identified and options developed to minimize the associated risks. In addition, if the resources are to be shared,...
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...Don’t Let Your Supply Chain Control Your Business Manufacturers are delegating too much power to top-tier suppliers, undermining their own ability to innovate, cut costs, and manage risk. by Thomas Choi and Tom Linton 112 Harvard Business Review December 2011 1430 Dec11 Choi Layout [S];30.indd 112 10/26/11 10:54 AM hbr.org Illustration: brett Ryder I n the past 25 years, major originalequipment manufacturers around the world have shifted to the Japanese tiered approach to supply chains. They’ve radically reduced the number of suppliers that they directly manage and off-loaded responsibility for supervising the rest, along with the task of building major subsystems, to a handful of firsttier suppliers. The attractions for OEMs were faster new-product introductions, larger volume discounts, reductions in the capital and risks associated with developing and producing the subsystems, and the ability to spend less management time on overseeing the multitude of lower-tier suppliers and more on building core competencies. But we believe that the delegation has gone too far. Our conclusion is based on studies of the practices at some 20 leading multinational corporations that one of us (Thomas Choi) conducted and the longtime experience that the other (Tom Linton) has had as a purchasing executive at such companies as LG Electronics (LGE), Agere Systems, Free scale Semiconductor, and IBM. We discovered that a heavy reliance on first-tier...
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...------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- Chapter 1—Introduction to Money and Banking MULTIPLE CHOICE 1. Economic policy affects a. | only the amount of money in the economy. | b. | how banks operate and only banks. | c. | the entire financial system. | d. | how financial securities are traded and no other part of the financial system. | ANS: PTS: 1 DIF: Basic TOP: Introduction to Money and Banking TYP: Factual 2. A financial policymaker not mentioned in Chapter 1 is the a. | Securities and Exchange Commission (SEC). | b. | Federal Deposit Insurance Corporation (FDIC). | c. | Consumer Financial Protection Bureau (CFPB). | d. | Federal Reserve System (the Fed). | ANS: PTS: 1 DIF: Basic TOP: Introduction to Money and Banking TYP: Factual 3. The policymaking institution that determines the money supply, sets the rules for how checks are cleared and how banks obtain new currency, and determines what activities banks may or may not engage in and whether...
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...------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- Chapter 1—Introduction to Money and Banking MULTIPLE CHOICE 1. Economic policy affects a. | only the amount of money in the economy. | b. | how banks operate and only banks. | c. | the entire financial system. | d. | how financial securities are traded and no other part of the financial system. | ANS: PTS: 1 DIF: Basic TOP: Introduction to Money and Banking TYP: Factual 2. A financial policymaker not mentioned in Chapter 1 is the a. | Securities and Exchange Commission (SEC). | b. | Federal Deposit Insurance Corporation (FDIC). | c. | Consumer Financial Protection Bureau (CFPB). | d. | Federal Reserve System (the Fed). | ANS: PTS: 1 DIF: Basic TOP: Introduction to Money and Banking TYP: Factual 3. The policymaking institution that determines the money supply, sets the rules for how checks are cleared and how banks obtain new currency, and determines what activities banks may or may not engage in and whether...
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...Top 10 Trading Mistakes with CFDs June 2013 Over leverage - the biggest killer of CFD trading accounts Averaging down - never fall in love with a stock If a share drops by 30% - you need it to rise by 43% just to break even Sponsored by: TOP 10 TRADING MISTAKES | 24 MAY 2013 10 5 June 2013 #1 Too Little Preparation Many people start trading without a trading plan, thinking they can beat the market. You need to set out your rules of trading and guiding principles. At least covering major components like methods of trading, method of identifying positions to trade, entry and exit rules, risk management and trading reviews. Treat your trading like a business. Have a business plan. Set goals and understand what you want to achieve and answer the following questions: 1) Why are you trading? To make money? If that is your answer think again. How will you make that money? Disclaimer Trading Mistakes with CFDs No responsibility for loss occasioned to any person or corporate body acting or refraining to act as a result of reading material in this publication can be accepted by the publisher, sponsor or author. The author may have a position in any or all of the speci c investments or investment categories mentioned in this publication. MarketViews™ is a dianomi service and some of the companies or investments mentioned may be clients of dianomi. Most...
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...15-year non-recourse loan plus HK$1 billion non-recourse revolving working capital loan post-construction – HK$3.3 billion. 2 Mandate - Seeking Disney acting on behalf of HKTP, asks 17 banks to bid and it could mandate upto 3 banks to lead the deal Chase options: No bid Bid to win Bid to lose 3 Chase Options No bid 1. Joint mandate (fee split) 2. Aggressive competition (especially from Bank of China and HSBC) 3. Bad track record (Eurodisney) 4. Credit Issues: 15-year maturity No collateral other than site yet to be built Non-subordination of management fees Desire to use cash flows to grow the project Market risk Force majeure risk 5. Need for fully underwritten deal 4 Chase Options Bid to win 1. Disney important client 2. Marquee deal for the region 3. Chase not a top-10 player in Asian project loans Exh.6a (weak spot it is global leader). Management pressure to “buy” deal? 4. Highly profitable if sole mandate 5 Chase Options Bid to lose 1. Save face as relationship bank but not get stuck in an unprofitable or excessively risky and excessively long-term deal 2. Ideal - get shortlisted and lose gracefully or win with sufficient compensation 3. Effort and expense involved against...
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