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NEW QUESTION: 1
Mark is an HR Professional for his organization and he has been given the assignment to create an Affirmative Action Plan for his company. Mark will also be considered to be designated the responsibility for this Affirmative Action Plan. What does the designation of responsibility mean?
A. It means that Mark will be the person that reports on the plan's implementation to the Department of Labor
B. It means that Mark will be the person responsible for actually implementing the plan
C. It means that Mark will be the person that reports on the plan's implementation to management
D. It means that Mark will be the manager for all Affirmative Action scenarios and issues within his company
Answer: B
Explanation:
Explanation/Reference:
Answer option B is correct.
The person who is designated the responsibility will be the individual responsible for implementing the plan in the organization.
Answer option A is incorrect. Mark may report on the plan to management, but this isn't the complete and primary definition of the designation of responsibility.
Answer option C is incorrect. Mark may be the person to report to the Department of Labor about the plan, but this isn't the complete definition.
Answer option D is incorrect. Mark isn't necessarily the manager of affirmative action scenarios, but the implementation person for the plan.
Reference: PHR Exam Prep, Pearson Education, ISBN: 978-0-7897-3677-2. Chapter Four: Workforce Planning and Employment. Official PHR and SPHR Certification Guide, HR Certification Institute, ISBN:
978-1-586-44149, Section III, The US HR Body of Knowledge.
Chapter: Workforce Planning and Employment
Objective: Federal Employment Legislation

NEW QUESTION: 2
Which of the following relationships are true:
I. Delta of Put = Delta of Call - 1
II. Vega of Call = Vega of Put
III. Gamma of Call = Gamma of Put
IV. Theta of Put > Theta of Call
Assume dividends are zero.
A. I and III
B. I, II, III and IV
C. I, II and III
D. II and IV
Answer: B
Explanation:
Explanation
All the statements are correct, and represent the relationships between the values of the Greek variables for calls and puts for the same option. It is important to know why as the PRM exam often asks tough questions about the Greeks.
Statement I is correct because of the put-call parity. According to the put-call parity, Value of call - Value of put = Spot price - Exercise price discounted to the present Now the delta of the spot is 1, and that of the discounted price is zero. Therefore Delta of Call - Delta of Put = 1 - 0, or by rearranging we get the equation in statement I.
Statements II and III are correct as the gamma and vega of both the spot price and the discounted price are zero. Therefore using the put-call parity, we can say Gamma of Call - Gamma of Put = 0 - 0, and Vega of Call - Vega of Put = 0 - 0 Rearranging, we get statements II and III.
Statement IV is correct because of the following relationship between theta of call and theta of put:
Theta of Put = Theta of Call + rKe