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- Exam Code: M05
- Exam Name: Insurance law (IL) Exam
- Version: V12.35
- Q & A: 70 Questions and Answers
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NEW QUESTION: 1
You need to recommend a tool to activate the company's Software Assurance benefits.
Which tool should you recommend?
A. LicenseWise
B. explore.ms
C. License Advisor
D. Volume Licensing Service Center
Answer: D
NEW QUESTION: 2
An organization has implemented a software system that requires a supervisor to approve transactions that would cause treasury dealers to exceed their authorized limit. This is an example of which of the following types of controls?
A. Soft controls.
B. Detective controls.
C. Preventive controls.
D. Directive controls.
Answer: C
NEW QUESTION: 3
You need to identify the platform version that Liberty's live instance uses as well as the update version they must use if they continue to delay updates due to reported issues.
Which answers should you give? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
NEW QUESTION: 4
Jake Stan, a CFA Charterholder, is writing an unfavorable research report on a company called PKO.
Larry Spelt, who is Jake's supervisor and who is NOT a CFA Charterholder, informs Jake that the firm is about to underwrite a large stock offering for PKO. Larry tells Jake to please upgrade his research report on PKO to reflect a purchase recommendation. Jake does this without disclosing the underwriting activity.
According to Standards of Professional Conduct, which Standard/s of Professional Conduct has/have been violated?
I). Standard V A - Diligence and Reasonable Basis.
II). Standard VI A - Disclosure of Conflicts to Clients and Prospects.
A. Both I and II.
B. I only.
C. II only.
Answer: A
Explanation:
Jake has changed his opinion on the stock and has also not informed the firm participation in the offering to clients. He has therefore also violated Standard V A
- Diligence and Reasonable Basis and Standard VI A
- Disclosure of Conflicts to Clients and Prospects.
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