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Backwardation can happen in markets where
A. convenience yields are positive
B. convenience yield is less than the total interest and carrying costs
C. convenience yields are greater than the total interest, storage and other carrying costs
D. convenience yields are zero
Answer: C
Convenience yield is the benefit from having access to the commodity - and if the convenience yield is very high, for example in a market where manufacturers must never run out of a particular raw material, then these can switch the total cost of carry (which include interest and storage costs, less convenience yields) to being negative. This causes forward prices to become lower than spot prices, a phenomenon known as backwardation.
Therefore Choice 'b' is the correct answer. If convenience yields are less than other carrying costs, then backwardation will not happen. The sign of convenience yields does not matter, what matters is their relative magnitude when compared to the other costs of carry.
To understand this in an intuitive way, consider that forward prices are nothing but spot prices, plus interest, plus storage costs, less convenience yields. If interest and storage costs are less than the convenience yield, the market will be backwarded.

You need to recommend a solution for DHCP logging. The solution must meet the technical requirement.
What should you include in the recommendation?
A. DHCP filtering
B. Event subscriptions
C. DHCP audit logging
D. IP Address Management (IPAM)
Answer: D
* Scenario: A central log of the IP address leases and the users associated to those leases must be created.
* Feature description IPAM in Windows Server 2012 is a new built-in framework for discovering, monitoring, auditing, and managing the IP address space used on a corporate network. IPAM provides for administration and monitoring of servers running Dynamic Host Configuration Protocol (DHCP) and Domain Name Service (DNS). IPAM includes components for:
Automatic IP address infrastructure discover)': IPAM discovers domain controllers, DHCP servers, and DNS servers in the domains you choose. You can enable or disable management of these servers by IPAM.
Custom IP address space display, reporting, and management: The display of IP addresses is highly customizable and detailed tracking and utilization data is available. IPv4 and IPv6 address space is organized into IP address blocks, IP address ranges, and individual IP addresses. IP addresses are assigned built-in or user-defined fields that can be used to further organize IP address space into hierarchical, logical groups.
Audit of server configuration changes and tracking of IP address usage: Operational events are displayed for the IPAM server and managed DHCP servers. IPAM also enables IP address tracking using DHCP lease events and user logon events collected from Network Policy Server (NPS), domain controllers, and DHCP servers. Tracking is available by IP address, client ID, host name, or user name.
Monitoring and management of DHCP and DNS services: IPAM enables automated service availability monitoring for Microsoft DHCP and DNS servers across the forest. DNS zone health is displayed, and detailed DHCP server and scope management is available using the IPAM console.
Reference: IP Address Management (IPAM) Overview

A phone is assigned to a partition that is included in the CSS HQ-Phone. This partition contains a route pattern to block calls to service numbers 1-400-xxx-xxxx. When the engineer makes a test call to the number
1-400-400-9000 from that phone, the call goes through. What is the reason for this issue?
A. The route pattern is misconfigured.
B. The correct gateway is not selected for the route list for the route pattern for the dialed number to be blocked.
C. The correct route list is not selected in the route pattern for the dialed number to be blocked.
D. The route pattern for the number to be blocked is in "NULL" partition.
E. The route pattern for the number to be blocked is in partition not accessible to the CSS.
Answer: E

There have been some failures of the company's internal facing website. A security engineer has found the WAF to be the root cause of the failures. System logs show that the WAF has been unavailable for 14 hours over the past month, in four separate situations.
One of these situations was a two hour scheduled maintenance time, aimed at improving the stability of the WAF. Using the MTTR based on the last month's performance figures, which of the following calculations is the percentage of uptime assuming there were 722 hours in the month?
A. 99.72 percent
B. 98.34 percent
C. 92.24 percent
D. 98.06 percent
Answer: B

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