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LOMA 291 Exam Practice Questions and Answers | 100% Pass

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LOMA 291 Exam Practice Questions and Answers | 100% Pass What is an ombudsman? - Answer️️ -An independent, impartial, and confidential professional with expertise in handling ethics problems What are the four functions of management? - Answer️️ -Planning, organizing, directing, and con...

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  • September 13, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • LOMA 291
  • LOMA 291
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, ©SOPHIABENNETT EXAM SOLUTIONS Saturday, September 7, 2024 6:58 PM



LOMA 291 Exam Practice Questions and
Answers | 100% Pass


What is an ombudsman? - Answer✔️✔️-An independent, impartial, and confidential

professional with expertise in handling ethics problems


What are the four functions of management? - Answer✔️✔️-Planning, organizing,

directing, and controlling

What is the formula for required rate of return? - Answer✔️✔️-Risk-free rate + Risk

premium = Required Return

What are the three lines of defense in the risk management model? - Answer✔️✔️-1.

Operational management

2. Internal monitoring and oversight

3. Internal Audit

What is omnichannel distribution? - Answer✔️✔️-Distribution that enables personalized

sales to customers through multiple, integrated communication channels.

What is a trail commission? - Answer✔️✔️-A percentage of an annuity's accumulated

value paid periodically, usually annually, to the financial professional that sold the

annuity.

What is churning? - Answer✔️✔️-A prohibited sales practice that occurs when a financial

professional induces a client to replace one policy after another, multiple times, so that



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