LOMA 291 Exam Practice Questions and Answers | 100% Pass
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Course
LOMA 291
Institution
LOMA 291
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...
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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