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NEW QUESTION: 1
Backwardation can happen in markets where
A. convenience yields are positive
B. convenience yields are zero
C. convenience yields are greater than the total interest, storage and other carrying costs
D. convenience yield is less than the total interest and carrying costs
Answer: C
Explanation:
Explanation
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.

NEW QUESTION: 2
HOTSPOT







Answer:
Explanation:

Explanation:

Box 1: The employee can have Lync conversations with Lync users on the Contoso domain. Thesis true because the domain has been added as a local domain and is Active.

Box 2: The employee can have Lync conversations with Lync users on the Fabrikam domain. This is true because external access is on for allowed domains and Fabrikam.com is an allowed domain.


Box 3: The employee can have Lync conversations with Skype users who sign in with a
Microsoft account: This is false because although the option is enabled in the global settings.....

... . it is disabled in the user account settings.

References:
https://technet.microsoft.com/en-us/library/dn771172.aspx?f=255&MSPPError=-
2147217396

NEW QUESTION: 3
In which situation would an administrator configure telephony services, but not configure any individual ephones?
A. Phones that are controlled by Cisco Unified Communications Manager Express
B. This is not a valid scenario. Ephones are always required.
C. Remotely located phones that are controlled by a third-party PBX
D. Cisco Unified Communications Manager Express with HSRP
E. Cisco Unified Communications Manager SRST fallback
Answer: E
Explanation:
When a phone registers for SRST service with a Cisco Router and the router discovers that the phone was configured with a specific extension number, the router searches for an existing prebuilt ephone-dn with that extension number and then assigns that ephone-dn number to the phone. If there is no prebuilt ephone-dn with that extension number, the system automatically creates one. In this way, extensions without prebuilt configurations are automatically populated with extension numbers and features as the numbers and features are "learned" by the Cisco router in SRST mode when the phone registers to the router after a WAN link fails.
http://www.cisco.com/en/US/docs/voice_ip_comm/cucme/admin/configuration/guide/cmesr st.html