ACP Mock Exams By Al Quintos

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| By Alquintosjr
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Alquintosjr
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Quizzes Created: 2 | Total Attempts: 3,589
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ACP Mock Exams By Al Quintos - Quiz

Reviewer in preparation for the upcoming ACP Exams Jan. 23, 2013


Questions and Answers
  • 1. 

    What does a workflow in AVALOQ symbolize in a bank? ______________

    Explanation
    A workflow in AVALOQ symbolizes a business process in a bank. A business process refers to a series of activities that are performed in a specific order to achieve a desired outcome. In the context of a bank, a workflow represents the step-by-step procedures and tasks that need to be executed to complete a particular banking operation or transaction. It helps to streamline and automate processes, ensuring efficiency and accuracy in the bank's operations.

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  • 2. 

    Does the system stop me if I forgot to enter information that is needed?

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    The correct answer is True because if the system requires certain information to be entered, it will typically have validation checks in place to ensure that all required fields are filled out. If any required information is missing, the system will usually display an error message or prompt the user to provide the necessary information before proceeding. This helps to ensure that all necessary data is captured and prevents incomplete or inaccurate information from being submitted.

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  • 3. 

    A kind of order that creates or modifies objects is __________________

    Correct Answer
    Static Data Order
    Explanation
    Static Data Order refers to a type of order that is responsible for creating or modifying objects. This order is typically used in programming to define the sequence in which objects are instantiated or modified. It ensures that objects are created or modified in a specific and consistent manner, allowing for proper execution of the program.

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  • 4. 

    Order that generates booking is called _________________

    Correct Answer
    Transaction Order, Transaction, Transactional Order
    Explanation
    The order that generates a booking is referred to as a transaction order. This term is commonly used in the context of online bookings or reservations, where a customer's request for a booking is processed as a transaction. The term "transaction" implies that there is an exchange of goods or services involved, and in this case, it is the booking itself. The terms "transaction" and "transactional order" can also be used interchangeably to describe this process.

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  • 5. 

    When or where can context actions be used?

    • A.

      Wherever you right mouse clicked in form fields, drop-down list boxes and lookup subwindows

    • B.

      Whenever you click the AVALOQ Menu and select a business type

    • C.

      Wherever there is a context menu on the AVALOQ GUI and the user has the access right to perform this context action.

    • D.

      Whenever there is transition in the workflow status

    Correct Answer
    C. Wherever there is a context menu on the AVALOQ GUI and the user has the access right to perform this context action.
    Explanation
    Context actions can be used wherever there is a context menu on the AVALOQ GUI and the user has the access right to perform this context action. This means that the user can perform specific actions based on the context in which they are working. The context menu provides options that are relevant to the current situation or object. As long as the user has the necessary access rights, they can use context actions in various scenarios within the AVALOQ GUI.

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  • 6. 

    ________________ are forms to search for objects and/or use to enter something into input fields.

    Correct Answer
    Lookups
    Explanation
    Lookups are forms that are used to search for objects and enter information into input fields. They provide a way for users to find specific items or data within a system or database. By using lookups, users can easily locate and retrieve the information they need, improving efficiency and accuracy in data entry and retrieval processes.

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  • 7. 

    ________________ are symbolic references to objects.

    Correct Answer
    Keys
    Explanation
    Keys are symbolic references to objects. They are used to identify and access specific objects within a collection or data structure. Keys provide a way to uniquely identify and retrieve values associated with them. In many programming languages, keys are commonly used in data structures like dictionaries, maps, and hash tables to organize and retrieve data efficiently.

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  • 8. 

    ____________ provides business data fields not available in the standard entry forms.

    Correct Answer
    Additions, Addition
    Explanation
    The word "Additions" in the plural form suggests that there are multiple business data fields that are not available in the standard entry forms. Similarly, the singular form "Addition" implies that there is at least one business data field that is not found in the standard entry forms. Both words indicate the presence of additional or extra data fields beyond what is typically provided in the standard forms.

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  • 9. 

    __________________ are the ones that groups objects and use these groups for lookup, reporting etc.

    Correct Answer
    Classes/Classifications
    Classifications/Classes
    Classifications
    Classes
    Explanation
    Classes/Classifications are the ones that groups objects and use these groups for lookup, reporting, etc. This means that both classes and classifications can be used to categorize and organize objects in a way that allows for easier retrieval and analysis. Whether the term "classes" or "classifications" is used first does not change the meaning of the statement, as they both refer to the same concept of grouping objects.

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  • 10. 

    Conceptual components of a workflow. (Choose 4)

    • A.

      Verify Order

    • B.

      Actions

    • C.

      Rules

    • D.

      Posting

    • E.

      Lookup

    • F.

      Status

    • G.

      Context Menu

    • H.

      Commands

    Correct Answer(s)
    B. Actions
    C. Rules
    F. Status
    H. Commands
    Explanation
    The conceptual components of a workflow include actions, rules, status, and commands. Actions refer to the specific tasks or activities that need to be performed within the workflow. Rules are the criteria or conditions that determine how the workflow should proceed. Status represents the current state or stage of the workflow. Commands are the instructions or directives given to initiate or control the workflow. These four components work together to define and guide the flow of a workflow, ensuring that tasks are completed in a systematic and efficient manner.

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  • 11. 

    What is processed by a workflow? (Choose 2)

    • A.

      Book Orders

    • B.

      Position

    • C.

      Transaction Order

    • D.

      Context Action

    • E.

      Status

    • F.

      Static Data Order

    Correct Answer(s)
    C. Transaction Order
    F. Static Data Order
    Explanation
    A workflow is a series of tasks or steps that are carried out in a specific order to achieve a desired outcome. In this context, "processed" refers to the tasks or steps that are performed within the workflow. Transaction Order and Static Data Order are both types of data that can be processed within a workflow. Transaction Order refers to the sequence of actions or events related to a financial transaction, while Static Data Order refers to the processing of fixed or unchanging data within a workflow.

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  • 12. 

    Objects necessary when creating a new bank client? (Choose 4)

    • A.

      Asset

    • B.

      Position (POS)

    • C.

      Business Partner (BP)

    • D.

      Address (ADDR)

    • E.

      Personal Data

    • F.

      Container (CONT)

    • G.

      Contract

    • H.

      Money Account (MACC)

    Correct Answer(s)
    C. Business Partner (BP)
    E. Personal Data
    F. Container (CONT)
    H. Money Account (MACC)
    Explanation
    When creating a new bank client, several objects are necessary. The Business Partner (BP) object is needed to store information about the client's business details. Personal Data is required to store the client's personal information such as name, address, and contact details. The Container (CONT) object is necessary to hold the client's financial assets and liabilities. Finally, the Money Account (MACC) object is needed to manage the client's bank account and transactions. These four objects are essential in creating a new bank client and managing their financial activities.

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  • 13. 

    Business Partner can have two or more containers.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    The statement is true because a business partner can have multiple containers. In business, a container refers to a separate entity or division within a company that operates independently and has its own set of resources, processes, and responsibilities. These containers can represent different departments, branches, subsidiaries, or even separate business entities that are affiliated with the main business partner. Having multiple containers allows for better organization, delegation of tasks, and efficient management of different aspects of the business.

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  • 14. 

    The currency is defined through the _______________________

    Correct Answer
    Contract of the Money Account
    Contract
    Contract of Money Account
    Explanation
    The currency is defined through the contract of the Money Account. This contract specifies the terms and conditions for the use and exchange of the currency. It outlines the rights and obligations of the parties involved in the transaction, including the issuer of the currency and the account holder. By entering into this contract, individuals and institutions agree to abide by the rules and regulations set forth by the Money Account, which ultimately defines the currency and its value.

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  • 15. 

    Concepts around Orders. (Choose 6)

    • A.

      Post-It

    • B.

      Order Auditing

    • C.

      Position

    • D.

      Workflow

    • E.

      Context Action

    • F.

      Order Additions

    • G.

      Order Keys

    • H.

      Orderbook

    • I.

      Order Validation

    • J.

      Order Linking

    • K.

      Booking

    Correct Answer(s)
    A. Post-It
    B. Order Auditing
    F. Order Additions
    G. Order Keys
    I. Order Validation
    J. Order Linking
    Explanation
    The given answer includes concepts related to the process of managing orders. Post-It refers to a feature that allows users to add notes or comments to an order. Order Auditing involves tracking and monitoring the changes made to an order. Order Additions refers to the ability to add new items or services to an existing order. Order Keys are unique identifiers assigned to each order. Order Validation involves verifying the accuracy and completeness of an order. Order Linking refers to the ability to connect or associate multiple orders. These concepts are all relevant to the management and processing of orders.

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  • 16. 

    The yellow icon on a position means that the orders have not been verified yet or the position has a blocking

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    The yellow icon on a position indicates that the orders have not been verified yet or that the position has a blocking. This means that the orders placed for that position are still pending verification or there is an obstacle preventing further progress. Therefore, the statement "The yellow icon on a position means that the orders have not been verified yet or the position has a blocking" is true.

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  • 17. 

    What is the difference between a link and a relation?

    • A.

      Relation is the extension of objects while Link is the connection of objects

    • B.

      Link is a tab while relation is an object tag

    • C.

      Links are used for Orders while Relations are exclusively for objects

    • D.

      Relation is the linking of orders to the bp

    Correct Answer
    C. Links are used for Orders while Relations are exclusively for objects
    Explanation
    Links and relations are both used to establish connections between objects, but they serve different purposes. Links are specifically used for orders, indicating a connection between two or more items in a specific sequence or arrangement. On the other hand, relations are exclusively used for objects, extending their connections beyond just orders. Relations encompass a broader scope and can represent various types of connections between objects, such as associations, dependencies, or hierarchies. Therefore, while links are limited to orders, relations have a wider application in representing relationships between objects.

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  • 18. 

    In the cashier operations, can i select a deposit transaction with the workflow action "Withdrawal"?

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    From a business point of view in a bank this makes no sense. But be aware; the workflow action is only a term. Workflow commands (micro commands) triggers what really happened in the system.

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  • 19. 

    Is there a difference between CHF and N.CHF?

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    the asset CHF is use for book money and
    the asset N.CHF is for physical money

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  • 20. 

    ____________________ are exclusively for order and serves as additional information for an order.

    Correct Answer
    Post-It
    Post it
    Explanation
    Post-It and Post it are both correct answers because they refer to the same thing, which are small pieces of paper with adhesive on one side that are used for writing notes or reminders. They are exclusively for order and serve as additional information for an order, allowing individuals to add specific instructions or details to their orders.

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  • 21. 

    Is it possible to customize the navigator?

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    This is possible with context action in the navigator window

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  • 22. 

    Can orderbooks be individualized?

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    Yes, you can set up, store and manage individual filter criteria with the use of templates, layouts and parameters in the task and reporting desk.

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  • 23. 

    Can changes to orders be traced?

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    Yes, with the attributes auditing and transitions which can be parameterized by the concept around orders.

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  • 24. 

    What are the attributes around objects? (Choose 7)

    • A.

      Keys

    • B.

      Object

    • C.

      Order Keys

    • D.

      Security

    • E.

      Person

    • F.

      Names

    • G.

      Classifications and Classes

    • H.

      Additions

    • I.

      Link

    • J.

      Relationships

    • K.

      Post-it

    • L.

      Remarks

    • M.

      Collection

    Correct Answer(s)
    A. Keys
    D. Security
    F. Names
    G. Classifications and Classes
    H. Additions
    J. Relationships
    L. Remarks
  • 25. 

    ___________ is the character you need to type to enter the last value date of a month into a date field?

    Correct Answer(s)
    u
    Explanation
    In this case, the letter "u" is the character that needs to be typed to enter the last value date of a month into a date field. This is likely because "u" is the last letter of the word "month" and is used as a shortcut to represent the end of the month when entering dates.

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  • 26. 

    Wildcard Characters (Choose 4)

    • A.

      #

    • B.

      !

    • C.

      ?

    • D.

      |

    • E.

      %

    • F.

      *

    • G.

      $

    • H.

      _

    Correct Answer(s)
    C. ?
    E. %
    F. *
    H. _
    Explanation
    The answer includes the wildcard characters ?, %, *, and _. These characters are commonly used in different programming languages and systems to represent unknown or multiple characters. The question mark (?) is used to represent a single unknown character, the percent sign (%) is used to represent multiple unknown characters, the asterisk (*) is used to represent any number of unknown characters, and the underscore (_) is used to represent a single unknown character or any number of unknown characters.

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  • 27. 

    ______________ is a drop-down list of predefined values.

    Correct Answer(s)
    Code Table
    Explanation
    A code table is a drop-down list of predefined values. It allows users to select from a set of predetermined options, rather than having to manually enter the values. This can help to ensure consistency and accuracy in data entry, as well as making it easier for users to input the desired information. Code tables are commonly used in various applications and databases to provide a standardized selection of choices for users.

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  • 28. 

    Does AVALOQ deliver a "ready to go" banking system?

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    False. AVALOQ delivers an MDB, which is usually the basis for the parameterisation in the implementation project.

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  • 29. 

    ____________________ means the enhancement of functionality, usually with AVALOQ Script.

    Correct Answer
    Scripting
    Explanation
    Scripting refers to the process of writing and implementing scripts, typically using AVALOQ Script, to enhance the functionality of a system. It involves creating customized code to automate tasks, add new features, or modify existing functionality. Scripting allows for flexibility and customization, enabling users to tailor the system to their specific needs without making extensive changes to the underlying software. It is a powerful tool that can be used to extend the capabilities of a system and improve efficiency.

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  • 30. 

    Is it true that you always have to use parameterisation and scripting simultaneously?

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    False. It depends on the area of customisation and on that what you want to have as a result.

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  • 31. 

    Customisation is done by

    • A.

      DDIC and Task Loading

    • B.

      APIs

    • C.

      Creating Source, Compile and Deliver

    • D.

      Parameterisation and Scripting

    Correct Answer
    D. Parameterisation and Scripting
    Explanation
    Parameterisation and scripting are the methods used for customisation. Parameterisation involves defining and using parameters to make a system or program adaptable to different inputs or configurations. This allows users to customize the behavior of the system without modifying the underlying code. Scripting, on the other hand, involves writing scripts or code snippets to automate tasks or add additional functionality to a system. Both parameterisation and scripting provide flexibility and enable customisation without the need for extensive programming or development.

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  • 32. 

    Sources are always written in PL/SQL

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    Sources are never written in PL/SQL

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  • 33. 

    Which sources can be reverse-compiled?

    • A.

      Sources that are audited and integrated

    • B.

      Sources that are available in the ABS by clicking reverse compile

    • C.

      Sources which have a "+" in the source type field "CODE_SRC_TYPE.REV_CMPL".

    • D.

      APis

    Correct Answer
    C. Sources which have a "+" in the source type field "CODE_SRC_TYPE.REV_CMPL".
    Explanation
    The correct answer is sources which have a "+" in the source type field "CODE_SRC_TYPE.REV_CMPL". This means that only sources that have been marked with a "+" in the specific field can be reverse-compiled. This indicates that the reverse compilation feature is only available for certain sources that meet this criteria.

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  • 34. 

    How can sources be found in ABS? (Choose 2)

    • A.

      Task and Report Desk

    • B.

      Avaloq Forms

    • C.

      Navigator

    • D.

      Parameterisation Desk

    Correct Answer(s)
    A. Task and Report Desk
    D. Parameterisation Desk
    Explanation
    Sources can be found in ABS through the Task and Report Desk and the Parameterisation Desk. The Task and Report Desk allows users to access and manage various tasks and reports within the system, which may include information sources. The Parameterisation Desk is another tool that allows users to configure and customize the system, including defining and managing data sources. Therefore, both of these options provide ways to find sources in ABS.

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  • 35. 

    ______________ status is set if the source is not accepted by Oracle

    Correct Answer(s)
    CORRUPT
    Explanation
    The term "CORRUPT" is the status that is set if the source is not accepted by Oracle. This implies that if the source data is found to be unreliable, invalid, or tampered with, it is considered corrupt and will not be accepted by Oracle.

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  • 36. 

    _____________________ status is set if the source contains a syntax error.

    Correct Answer(s)
    ERROR
    Explanation
    The given correct answer is "ERROR". This status is set if the source contains a syntax error. This means that there is a mistake or error in the way the code is written, which prevents it from being executed correctly.

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  • 37. 

    ___________________ the table where basic information about the different AVALOQ Source Types is stored.

    Correct Answer(s)
    CODE_SRC_TYPE
    Explanation
    The given answer "CODE_SRC_TYPE" is the correct answer because it refers to the table where basic information about the different AVALOQ Source Types is stored. This table likely contains codes or identifiers for each source type, allowing for easy reference and organization of the different types of AVALOQ sources.

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  • 38. 

    _________________ is where data is stored, which are part of a database.

    Correct Answer(s)
    Table
    Explanation
    A table is where data is stored in a database. It is a structured collection of related data organized in rows and columns. Each row represents a record, and each column represents a field or attribute of that record. Tables are used to store and organize data in a way that allows for efficient retrieval and manipulation of information. They are an essential component of a database system and are used to store and manage large amounts of data.

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  • 39. 

    What is the naming convention for tables which contain a predefined "list of data"?

    Correct Answer(s)
    CODE_
    Explanation
    The naming convention for tables which contain a predefined "list of data" is to prefix the table name with "CODE_". This prefix helps to identify that the table contains a specific list of data, which may be used for reference or as a lookup table in the database system.

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  • 40. 

    The usage of APIs is mainly recommended because it speeds up the performance.     

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    The usage of APIs is recommended because it facilitates the maintenance of the development (write once, use often- REUSABILITY).

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  • 41. 

    Is it possible to reverse-compile an API?

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    Reverse-compilation is only possible for descriptive Avaloq sources, not for those which create or contain PL/SQL.

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  • 42. 

    What is the basic syntax to call an API?

    Correct Answer
    API-name.function(parameter list), APIname.function(parameter list)
    Explanation
    The basic syntax to call an API is to use the API name followed by a dot, then the function name, and finally the parameter list enclosed in parentheses. This syntax allows the programmer to specify which API and function they want to call, and pass any necessary parameters to the function. By repeating this syntax with different API names and functions, multiple APIs can be called in a program.

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  • 43. 

    Calling and API is only possible within an AVALOQ Script Package

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    APIs can also possibly called from outside the ABS

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  • 44. 

    What API stands for?

    Correct Answer
    Application Programming Interface
    Explanation
    An API, or Application Programming Interface, is a set of rules and protocols that allows different software applications to communicate and interact with each other. It defines the methods and data formats that can be used for this communication, enabling developers to access certain functionalities or services provided by another software or platform. APIs are essential for creating software integrations, building applications that rely on external services, and enabling interoperability between different systems.

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  • 45. 

    ____________________ is a script which contain elements of PL/SQL and SQL and is stored in AVALOQ ICE

    Correct Answer
    BTC, Business Type Config
    Explanation
    BTC, Business Type Config is a script that contains elements of PL/SQL and SQL. This script is stored in AVALOQ ICE, which is a platform used for managing and executing scripts related to business configurations. The BTC script is specifically used for configuring and customizing business types in the AVALOQ system.

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  • 46. 

    What does OMD stand for?

    Correct Answer
    Object Modelling Definition
    Explanation
    OMD stands for Object Modelling Definition. This term refers to the process of creating a model or representation of an object or system using object-oriented techniques. Object modelling involves identifying the objects in a system, defining their attributes and behaviors, and specifying how they interact with each other. This approach helps in understanding and designing complex systems by breaking them down into smaller, manageable components.

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  • 47. 

    Contents of the AVALOQ ICE Installation (Choose 3)

    • A.

      AVALOQ Namespace

    • B.

      AVALOQ ICE Server

    • C.

      AVALOQ Orderbook

    • D.

      AVALOQ ICE Workbench (AVALOQ ICE Client)

    • E.

      AVALOQ ICE Workspace

    Correct Answer(s)
    B. AVALOQ ICE Server
    D. AVALOQ ICE Workbench (AVALOQ ICE Client)
    E. AVALOQ ICE Workspace
    Explanation
    The AVALOQ ICE Installation includes the AVALOQ ICE Server, AVALOQ ICE Workbench (AVALOQ ICE Client), and AVALOQ ICE Workspace. These components are necessary for the installation and functioning of the AVALOQ ICE system. The AVALOQ ICE Server is responsible for hosting and managing the AVALOQ ICE application. The AVALOQ ICE Workbench (AVALOQ ICE Client) is the user interface that allows users to interact with the AVALOQ ICE system. The AVALOQ ICE Workspace provides a dedicated environment for users to develop and test their configurations and customizations.

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  • 48. 

    _______________ contains a user's preferred settings, indexes and temporary files (local history)

    Correct Answer(s)
    Workspace
    Explanation
    A workspace contains a user's preferred settings, indexes, and temporary files (local history). This is where a user can customize their environment according to their preferences, such as the layout, theme, and keybindings. It also includes indexes that help with faster searching and navigation within the workspace. Additionally, temporary files and local history are stored within the workspace, allowing users to easily access and revert back to previous versions of their work if needed.

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  • 49. 

    ______________________ consists of the Kernel Data, Customisation Sources and Business Data.

    Correct Answer(s)
    ABS Instance
    Explanation
    An ABS Instance consists of the Kernel Data, Customisation Sources, and Business Data. This means that an ABS Instance includes the core data of the system (Kernel Data), any customizations made to the system (Customisation Sources), and the specific data related to the business using the system (Business Data). This combination of components makes up the ABS Instance, which is necessary for the proper functioning and customization of the system.

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  • 50. 

    _____________________________ is the tool use for developing and storing the customisation source code and creation of installable units for an ABS Instance.

    Correct Answer(s)
    AVALOQ ICE
    ICE
    Explanation
    AVALOQ ICE and ICE are the tools used for developing and storing the customization source code and creating installable units for an ABS Instance. These tools provide a platform for developers to write and manage code, as well as package it into installable units that can be easily deployed in the ABS Instance.

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