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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
Which of the following statements is correct regarding corporate compensation systems and related bonuses?
I.A bonus system should be considered part of the control environment of an organization and should be considered in formulating a report on internal control.
II.
Compensation systems are not part of an organization's control system and should not be reported as such.
III.
An audit of an organization's compensation system should be performed independently of
an audit of the control system over other functions that impact corporate bonuses.
A. III only.
B. II only.
C. I only.
D. II and III only.
Answer: C

NEW QUESTION: 2

A. Option B
B. Option A
C. Option D
D. Option C
Answer: B
Explanation:
You should apply an application control policy for executable rules, and it can be based on version. Exam Ref 70-410: Installing and Configuring Windows Server 2012 R2, Chapter 6: Create and Manage Group Policy, Objective 6.2: Local Users and Groups, p. 329 http://technet.microsoft.com/en-us/library/dd759068.aspx http://technet.microsoft.com/en-us/library/hh994588.aspx http://www.grouppolicy.biz/2012/08/how-manage-published-a-k-a-metro-apps-in-windows8-using-grouppolicy/ http://technet.microsoft.com/en-us/library/hh994597.aspx#BKMK_Cert_Rules

NEW QUESTION: 3
There are no interdependent attributes. Which three statements are true about defining an item using a template? (Choose three.)
A. A template can be applied at the master or child organization levels.
B. A template can be applied only at the master organization level.
C. Template application is additive. If you apply a second template to an item, the item would retain the values of all the attributes that were not enabled by the second template.
D. Modifying an item template would automatically update the items that were previously defined using that template.
E. Template application is exclusive. If you apply a second template to an item, the item would not retain any values of the prior template.
F. You can apply multiple templates to an item.
G. A template applied to a master item, which has already been assigned to a child organization, can still update the organization-controlled item.
Answer: A,C,F
Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION: 4
Michael E Porter's competitive strategies model includes an analysis of the competitive forces that determine the attractiveness of an industry. These forces include:
I. The stage of the industry life cycle
II. Threats of, and barriers to, entry
III. Threat of substitutes
IV. The threat of suppliers' bargaining power
A. II, Ill, and IV only.
B. I and II only.
C. I and Ill only.
D. I, II, Ill, and IV.
Answer: A
Explanation:
Michael E. Porter, a leader in the field of strategic management, has developed a comprehensive model of the structure of industries and competition.
One feature is his analysis of the five competitive forces that determine long-term profitability measured by long-term return on investment.
This analysis determines the attractiveness of an industry.
The five forces are (1) the degree of rivalry among existing firms; (2) threats of, and barriers to, entry; (3) the threat of substitute products or services; (4) the threat of buyers' bargaining power; and (5) the threat of suppliers' bargaining power.


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