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Exam Code: CIFC
Exam Name: Canadian Investment Funds Course Exam
Vendor: IFSE Institute

60 Questions & Answers
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NEW QUESTION: 1
In order for the Invest4U Mutual Fund to qualify as a regulated investment company under Internal
Revenue Code Subchapter M, it must:
A. Both A and B are required for Invest4U to qualify as a regulated investment company.
B. distribute at least 90% of its net investment income to its shareholders.
C. distribute at least 98% of its net income from capital gains to its shareholders.
D. invest at least 75% of its monies in diversified securities.
Answer: A
Explanation:
To qualify as a regulated investment company, Invest4U must distribute at least 90% of its
net investment income to its shareholders and distribute at least 98% of its net income from capital gains
to its shareholders. Only 50% of its monies needs to be invested in diversified securities to qualify.

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Answer: A

NEW QUESTION: 3
다음 중 회사 재무 기능의 현재 운영을 판단하는 데 가장 바람직한 기준은 무엇입니까?
A. 마지막 감사 계약 동안 문서화 된 재무 기능의 운영.
B. 관련 산업에서 재무 기능의 모범 사례 목록.
C. 권한을 위임하고 책임을 부여하는 회사 정책 및 절차.
D. 일반적으로 인정되는 훌륭한 재무 기능 관행에 대한 재무 교과서 삽화.
Answer: A

NEW QUESTION: 4
Which statement, related to capability and maturity, is NOT correct?
A. Maturity and capability assessments are only defined by CMMI (Capability Maturity Model -Integrated), NOT by ISO15504
B. A maturity assessment can use the findings of a capability assessment
C. Organizational maturity has a relationship to the achievement of the organization's business goals
D. A maturity assessment is done at an enterprise or organizational level and a capability assessment is done at a process level
Answer: A


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