AEE CEM Q&A - in .pdf

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  • Exam Code: CEM
  • Exam Name: Certified Energy Manager (CEM)
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NEW QUESTION: 1
What Is the Work-Study Program?
Overview of the Work-Study Program The Federal Work-Study (FWS) Program is a student employment program subsidized by the federal government and designed to help students finance their post-secondary education. The program provides funds to colleges, universities, and affiliated organizations which then provide employment to work-study students. Students receive their work-study financial awards in the form of paychecks from their work-study positions.
Applying for Work-Study
Both undergraduate and graduate students are eligible to apply. Work-Study grants are awarded based upon demonstrated financial need. To apply, students must complete the Free Application for Federal Student Aid. This application must be submitted each year Work-Study employment is desired.
What Are the Advantages of Work-Study?
A work-study job is essentially just like any other job - you go to work, do your job, and get paid. But Work-Study positions have several distinct advantages over "regular" jobs:
What Types of Work-Study Jobs Are Available?
The work-study positions at Madison Community College are as diverse as the functions of the college.
Work-study students are employed as clerical assistants, data entry clerks, computer technicians, laboratory monitors, research assistants, language tutors, and more. In addition, Madison Community College has long-standing relationships with a number of employers and agencies that provide services for the community and have been approved to participate in the Federal Work-Study Program, including the Madison County Children's Museum, the Madison County Library, Children First Day Care, and Right Start Tutoring Agency. Students may be employed as museum guides, library aides, child caregivers, research assistants, tutors, and more.
Based on the information in the passage, you should apply for Work-Study if
A. you can't get a "regular" job.
B. you enjoy working with community service organizations.
C. you didn't get any scholarships.
D. you need financial aid and are willing to work.
E. you live on campus.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
The first paragraph states that the Work-Study Program is "designed to help students finance their post- secondary education" and that students in the program receive their "financial awards in the form of paychecks from their work-study positions." Thus, it is reasonable to conclude that students should apply for Work- Study only if they (1) need money to finance their education and (2) are willing to work (choice d). These students may or may not live on campus (choice a) and may or may not have tried and failed to get "regular" jobs (choice b). They may or may not have scholarships (choice c); students who did receive scholarships may not have received enough to cover their expenses, so they may still need Work-Study. It would be good if students who applied for Work-Study liked working with community service organizations (choice e), but that is not one of the reasons to apply for Work-Study. Those students could volunteer or apply for a regular position with a community service organization.

NEW QUESTION: 2
For an option position with a delta of 0.3, calculate VaR if the VaR of the underlying is $100.
A. 0
B. 1
C. 33.33
D. 2
Answer: D
Explanation:
Explanation
The first order approximation of the VaR of an option position is nothing but the VaR of the underlying multiplied by the option's delta. This is intuitive because the delta is the sensitivity of the option price to changes in the prices of the underlying, and in this case since the delta is 0.3 and the underlying's VaR is $100, the VaR of the options position is 0.3 x $100 = $30. Therefore Choice 'c' is the correct answer.
(Note that the second order approximation of the VaR of an options position considers the option gamma too, and VaR reduces if gamma increases.)

NEW QUESTION: 3
Which Cisco technology provides spam filtering and email protection?
A. CX
B. WSA
C. IPS
D. ESA
Answer: D

NEW QUESTION: 4
Identify the situation Where Append Structures are not allowed.
(More than one answer is correct)
A. If the ble conins a field of da type LCHR or LRAW
B. If the last field has a domain of da type curr
C. If the ble is a pooled or cluster ble
D. If the last field is already an Append Structure
Answer: A,C

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