The fiduciary definition - Study guides, Class notes & Summaries

What is the definition of a defect? A) A product/process that exhibits variability. B) A product/process that does not perform as well as the competition. C) A product/process that does not meet customer requirements for use. D) A product/process that is not reliable. E) A product/process that requires extra processing. - Answer-Answer C What is the primary approach employed by Lean Six Sigma to reduce the number of defects? A) Add inspection to isolate the customer from process instabili...

H has suffered a covered disability away from her job and will shortly begin collecting benefits. The insurer sends a letter to H stating that she will not receive any benefit amounts greater than her income. This clause is known as: A: Over-insurance clause B: free look C: relation of earning to insurance D: relation of economic value - answer-C: relation of earning to insurance The insured should be aware of the issue date upon delivery a policy and the date should be listed on: A: the...

Bob Hogue Final Test Questions with Complete Solutions What is the purpose of an escrow account in real estate transactions? To hold money in trust for parties involved in a transaction Who is responsible for maintaining a sales associate's license status? The sales associate What must a sales associate do when they receive escrow funds? Deliver them to their broker immediately What is the definition of "dual agency"? Representing both the buyer and seller in the same trans...

Mass Jurisprudence Review, Psychology Review Exam Q&A 2024 Agency name for elders - CORRECT ANSWER-Department of Elder Affairs (DEA) Chapter 19A Agency name for disabled persons - CORRECT ANSWER-Disabled Persons Protection Commission (DPPC) Chapter 19C Agency name for children - CORRECT ANSWER-Department of Children and Families (DCF) Chapter 119 Elderly persons population definition - CORRECT ANSWER-age 60 or older Disabled persons population definition - CORRECT ANSWER-age 18 to ...

Investment advisor act of 1940 correct answers Is the federal legislation that defines the term investment advisor and requires persons that fall within the definition to register with the SEC or with the states in which they do business. 2 primary purposes: regulation of persons both natural and legal in the business of giving investment advice -the establishment of standars of ethical business conduct for the industry National Securities Markets Improvement Act of 1993 (NSMIA) correct ans...

Native Studies Final PASSED Actual Exam Questions and CORRECT Answers What is Fiduciary Responsibility, 3 examples - CORRECT ANSWER- • Responsibility to act in best interest of Aboriginal peoples • Paternalistic relationship - Crown has discretion to decide what is in best interest of Aboriginal people • Legal obligation - Crown must uphold to protect indigenous people and their rights What are Aboriginal Rights (court definition) - CORRECT ANSWER- • Right includes right to p...

Principles of Real Estate 1 Exam With 100% Correct Answers 2024 brokerage - answerThe business of bringing buyers and sellers together and assisting in negotiations for the terms of sale of real estate. real estate broker - answerA person or an organization acting as the agent for others in negotiating the purchase and sale of real property or other commodities for a fee real estate salesperson - answerA person performing any of the acts included in the definition of real estate broker bu...

CPFA (Actual) Exam Latest Update with Correct Solutions Under the DOL regulation, many advisors to retirement plans and their participants will be - Answer - 3(21) fiduciaries. They will act alongside other fiduciary service providers who are also not necessarily named in the plan document but who exercise discretionary control over plan provisions or plan investments. The advisor should educate the - Answer -plan sponsor about hiring fiduciary service providers, including the different r...

Green Belt - Exam Practice Questions with Verified Answers What is the definition of a defect? A) A product/process that exhibits variability. B) A product/process that does not perform as well as the competition. C) A product/process that does not meet customer requirements for use. D) A product/process that is not reliable. E) A product/process that requires extra processing. Answer C What is the primary approach employed by Lean Six Sigma to reduce the number of defects? A) Add...

Which of the following has the authority to suspend or revoke a Texas real estate license? - Answer- TREC Which of the following is an element of a listing agreement? - Answer- the agreement to pay a stated commission, usually a percentage of the sales price the IRS considers which of the following a violation of independent contractor status? - Answer- salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker the TAR buyer repre...