Kickbacks defined - Study guides, Class notes & Summaries

NATIONAL FINANCE EXAM PREP | questions and answers 2023/24 Advantages of Real Estate Investment: (3 things) - Above average rate of return Tax benefits Land can never be depreciated. Disadvantages of Real Estate Investment: (3 things) - Not highly liquid The purchaser of investment property must be prepared to "invest" for the long haul Market conditions are changing all the time. What is the total amount of money remaining after all expenditures have been paid including taxes, oper...

what is defined as an intentional misrepresentation where these conditions are present: · *There must be a cause of deception. · *The act or acts must show an intentional misrepresentation of fact. · *The provider stands to gain financially from the deception and misrepresentation of fact. fraud what differs from fraud in that it describes incidents or practices of providers that are inconsistent with accepted sound clinical, business or fiscal practices (including but not limited to...

CIPS L4M8 Exam Verified 100% Correct!! Stage 13: Assest management/end of life The procurement professional should evaluate whether the need is still current. If it is and unchanged, the procurement cycle process commences again but from a different stage as the need is already known and understood. If the need is not required the buyer should manage the end of life by reducing stock levels and informing the supplier Anti-bribery procedures -Proportionate procedures: should be in line with...

RESPA - Answer Real Estate Settlement Procedures Act- Required for mortgages on purchase of real estate. Prohibits kickbacks or unearned fees. Ensures consumers get important, accurate, and timely information about actual costs of settlement or closing transaction TILA-RESPA Integrated Disclosure Rule - Answer Know Before You Owe; replaced 4 previous forms with 2 new forms - Loan Estimate & Closing Disclosure Loan Estimate Form - Answer highlights interest rates, monthly payment, and total...

Who develops a solicitation? - ANSThe government, and the buyer Who prepares an offer? - ANSThe contractor, and the seller During the post award phase while the contract is being performed, who has responsibility for quality? - ANSThe seller Acquisition - ANSFAR 2.101 tells us Acquisition means the acquiring by contract with appropriated funds of supplies or services (including construction) by and for the use of the Federal Government through purchase or lease, whether the supplies...

New York Accident & Health Insurance (2023/2024) 100% Pass Agent Licesne Noone can sell insurance without license but you dont need to pass test if you are employees of licesed insurance agent wh do nt solicit, licensed attorneys, actuaries or cpas who provid ino, regular salaried implyees who devote little tie, an agent oof a graternal benefit society - must be 18, pass 540 hr course - pass state exam - Application must be submiteed w in 2 years - renewal every 2 years on birthday Certificate ...

Indemnity bond - reimburses its holder for any loss to third-party beneficiaries when the insured fails to fulfill a specific undertaking for the third party's benefit. Casualty insurance - indemnifies against legal liability to others for injury or damage to persons, property, or other defined legal interests because of specified risks or conduct. Fidelity insurance - indemnifies against economic loss to the insured because of employee dishonesty. Disability insurance indemnifies agai...

CLG 0010 Exam 100% Scored 1. Executive orders 12674 and 12731 form the foundational policy on the ethical conduct of federal employees. What are three violations of these executive orders Usin g public office for private gain Defrauding the government Giving preferential treatment to any person or organization 2. Once you established a good working relationingship with a particular supplier you should make all of your purchases from that supplier False 3. Cardholders who have been formally grant...

NRA Purchasing Study Questions Who would a food buyer in a large chain operation would typically report to? - ANS Purchasing vice president or director What is the purpose of placing cost limits in purchasing specifications? - ANS to maintain a competitive position What is the primary objective to the purchasing function? - ANS To maintain adequate supply What items are included in the product category "Food and beverage"? - ANS All food and beverages but not FFE and ...

NMLS Study Guide Questions with Correct A The purposes of RESPA are - Answer-To help consumer become better shoppers for settlement (closing) services AND to eliminate kickbacks and referral fees that unnecessarily increase the costs of certain settlement services The origins of RESPA - Answer-Enacted in 1974 and became effective in June 1975. HUD administered and enforced RESPA and Regulation X until July 21, 2011 when CFPB took control under the Dodd-Frank Act. Define "mortgage broke...