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Exam Code: MLO
Exam Name: Mortgage Loan Origination (SAFE MLO) Exam
Vendor: NMLS

60 Questions & Answers
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NEW QUESTION: 1
Your company subscribes to an Office 365 Plan E3. A user named User1 installs Office Professional Plus for Office 365 on a client computer. From the Microsoft Online Services portal, you assign User1 an Office Professional Plus license. One month after installing Office, User1 can no longer save and edit Office documents on the client computer. User1 can open and view Office documents.
You need to ensure that User1 can save and edit documents on the client computer by using office.
What should you do?
A. Upgrade the subscription to Plan E4.
B. Reinstall Office Professional Plus.
C. Install the Office Customization Tool.
D. Install the Microsoft Online Services Sign-in Assistant.
Answer: D
Explanation:
Office 365 ProPlus is offered as a monthly subscription. The subscription for User1 has run out and the program has been deactivated. The user should choose Sign In to activate Office 365 ProPlus. This is done through the Microsoft Online Services Sign-in Assistant.
References:
http://technet.microsoft.com/en-us/library/gg702619(v=office.15).aspx

NEW QUESTION: 2






A. Option D
B. Option C
C. Option A
D. Option B
Answer: C

NEW QUESTION: 3
In the Security Policy shown here, which rule inhibits Rule 4?

A. Rule 1
B. Rule 3
C. Rule 2
D. No rule inhibits Rule 4.
Answer: D
Explanation:
Rule 3 would have no affect on rule 4. Rule 3 is the stealth rule and is blocking any traffic to the firewall which would have no affect on rule 4. The biggest issue is that with any of the three types of authentication, the source of an authentication rule must be a group. The real reason this policy would not install is because the source of rule 4 does not include a group.

NEW QUESTION: 4
Which of the following are ordered correctly in the order of debt seniority in a bankruptcy situation?
I. Equity, Subordinate debt, Senior debt
II. Senior debt, Preferred stock, Equity
III. Secured debt, Accounts payable, Preferred stock
IV. Secured debt, DIP financing, Equity
A. I and IV
B. I
C. II, III and IV
D. II and III
Answer: D
Explanation:
Explanation
In a bankruptcy, equity ranks last. Preferred equity is one level above equity. Senior debt gets paid out first compared to junior debt, and secured debt is paid out first to the extent of the asset securing it (after which it counts as unsecured debt). Accounts payable and other short term liabilities are treated like unsecured creditors. Debtor-in-possession (DIP) financing ranks higher than any other asset as it is financing secured after the bankruptcy to continue the business.
Based on the above, statement I does not represent a correct ordering of seniority as equity is paid last.
Similarly, DIP financing receives higher priority than even secured debt, and therefore statement IV is incorrect. Therefore the only correct statements are II and III and Choice 'a' is the correct answer.


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