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IBM Algo One Fundamentals Sample Questions:

1. Click the Exhibit button.

The arrow in the exhibit points to something missing in the AFM Output function. What is missing?

A) Event Name
B) Module_Name
C) Filter_Name
D) Program_Name

2. Aclient has redesigned their nonprofit endowment product to pay a guaranteed 110% of Sum Assured on death rather than just the Sum Assured assumed in Standard Code. They want you to update the model so that it will be unaffected when any future updates of Standard Code are copied into the workspace.
How would you do this?

A) Change the existing formula to 110%* Sum Assured.
B) Copy the Sum Assured variable into a blank line at the bottom of the product and change the code to 110% * Sum Assured.
C) Copy the Sum Assured variable into a blank line at the bottom of the module and change the code to 110% it Sum Assured.
D) Comment out the original code within the existing module and replace with 110% * Sum Assured.

3. What are two principles upon which the Standard Code is based? (Choose two.)

A) Overtime, additional functionality will be included, building a growing library of content.
B) The code is not designed to be used as a black box, but always to be modified to suit specific circumstances.
C) The code does not require any checking to ensure that it gives the correct results.
D) The code focuses on calculation efficiency over clarity.

4. Which type of variables in RiskWatch configuration files may be modified within theapplication after RiskWatch has been launched?

A) variables defining attribute lists
B) variables of primitive data types
C) variables of enumerations
D) variables of the Boolean data type

5. If no suffix is attached to a portfolio variable in an event variable is formula, then which value is used?

A) The value at the previous event regardless of type
B) The value at the end of the step
C) The value at the previous event of the same type
D) The value at the start of the step

Solutions: