Define fiduciary Study guides, Class notes & Summaries

AIF Training UPDATED Actual Exam Questions and CORRECT Answers In the event of litigation, factors a judge will consider when making a determination of fiduciary status include all the following: - CORRECT ANSWER- 1. Number of implementation options 2. Scope of services 3. Sophistication of client Define Fiduciary - CORRECT ANSWER- A fiduciary is someone who: manages property for the benefit of another; exercises discretionary authority or control over assets; and/or acts in a prof...

SFPC Exam Prep Questions and Answers 2023 (Verified Answers) What are the 5 elements of PERSEC? 1. Designation 2. Investigation 3. Adjudication 4. Reinvestigation 5. Continuous Evaluation What is the 5 criteria adjudicators use when determining eligibility for a security clearance? 1. Honesty 2. Reliability 3. Character 4. Loyalty 5. Trustworthiness Define continuous evaluation uninterrupted assessment of an individual for retention of a security clearance eligibility or a contin...

In terms of the 33 know the pattern of distribution (Def Underwriting, 4 part Howey Test) (Investor Protection, Wall Street Reform) correct answers *Underwriting:* Passing securities from the issuer through a syndicate of underwriters, dealers, and ultimately to purchasers who intend to hold securities *Howey Test* (1) Invest (2) In common enterprise (3) Reasonably expecting profits (4) Derived primarily from others' managerial or entrepreneurial efforts Agency (Define A...

PHELO LMCC EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS Define the term efficacy in terms of medicine. - Precise Answer Saying that a drug/treatment works in a controlled environment, i.e. in a study. Define the term effectiveness in terms of medicine. - Precise Answer Saying a drug/Rx works in the real world. Define the term efficiency in terms of medicine. - Precise Answer Determining the cost-effectiveness of a drug/Rx/etc. What is a physician's fiduciary duty? - Precise Answer ...

What are the 5 elements of PERSEC? 1. Designation 2. Investigation 3. Adjudication 4. Reinvestigation 5. Continuous Evaluation What is the 5 criteria adjudicators use when determining eligibility for a security clearance? 1. Honesty 2. Reliability 3. Character 4. Loyalty 5. Trustworthiness 00:09 01:24 Define continuous evaluation uninterrupted assessment of an individual for retention of a security clearance eligibility or a continuing assignment to sensitive dut...

Fundamentals of Insurance BC questions and answers graded A+ What is the major function of insurance? - ANSWERS to allow the spread of risk What are the five important functions of insurance? - ANSWERS 1) insurance is the shifting of financial responsibility for a loss 2) payment will be made only in the event of an insured risk 3) the amount of payment is restricted to the amount required to indemnify the insured 4) insurance covers losses the object may be exposed to 5) the indemnit...

Conduct and Practices Handbook (CPH) Exam 136 Questions with Answers Duty of care - CORRECT ANSWER This refers to obligation #3 of registered representative (RR) about acting honestly, in good faith, and in a professional manner. This is a requirement to provide advice to clients with those attributes in mind along with the proper skills and knowledge to do so. It is important to note that the standard of care provided is not a standard of perfection. RRs are usually held to this standard muc...

Under Ontario law, how is an 'agency relationship' defined? - Answer-The relationship between two parties in which one party (the agent) accepts responsibility for representing the other party (the principal) in dealing with a third party. While common law uses the terms 'Principal' and 'Third Party', what terms does REBBA use instead? - Answer-Client & Customer The underlying relationship of the brokerage, salesperson, seller and buyer is based on what? - AnswerThe Common Law of Agen...

RSK 4802 EXAM PACK 2022 JANUARY /FEBRUARY 2016 QUESTION1.1 ai) Risk management is an important process because it empowers a business with the necessary tools so that it can adequately identify and deal with potential risks. Once a risk has been identified, it is then easy to mitigate it. In addition, risk management provides a business with a basis upon which it can undertake sound decision-making. -For a business, assessment and management of risks is the best way to prepare for even...

What was the predecessor to the Constitution? Articles of Confederation Where are Federal-Level laws enacted? Congress What Article, Section and Clause empowers Congress to collect taxes Article 1, Section 8, Clause 1 What occurs when the President does not sign an enrolled bull within 10 days? Pocket Veto Which branch of government implements laws? Executive Approximately what percent of federal spending is discretionary? 30% How frequently does congress review the DoD budget reques...