Fiduciary administration - Study guides, Class notes & Summaries

This document contains workings, explanations and solutions to the PVL2602 Assignment 1 (QUALITY ANSWERS) Semester 1 2024. For assistance call or us on 0.6.8..8.1.2..0.9.3.4..... Question 1 In Mark 0.00 out of 1.00 Buhle Baloyi, a 94-year-old retired judge, had been suffering from a prolonged respiratory infection from late 2018. In addition to this, he was diagnosed with rheumatoid arthritis and as a result, he spent most of his days in bed, as he was in severe physical pain. He was looked af...

Management Analyst Exam Prep 90 Questions with Verified Answers Different authorities have conflicting views regarding delegation. However, there seems to be a general agreement that if chief executive A delegates a task to subordinate executive B, Executive B cannot in-turn delegate to junior executive C A. Within organizational policy, to prescribe the methods to be used in performing the task. B. Responsiblity for direct supervision of the task to be performed. C. The duty to insure t...

ERISA - Answer- Employee Retirement Income Security Act 1974 SOC Reports - Answer- Service Organization Controls: for external vendors SOC 1 - Answer- Internal Controls & Financial reports; used by auditors SOC 2 - Answer- Security, availability, processing integrity, confidentiality and privacy controls;used by management, regulators, and others under an NDA SOC3 - Answer- Same as SOC2, but available for public use. Tribble V Edison - Answer- Landmark court case re fiduciary resp...

RECA Fundamentals Exam Questions and Answers Already Passed Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the supply of a good when ther...

Cannon CTFA Prep Questions with complete Answers 2023 Jean and John Simmons are married and own their own home as tenants by entirety. When John dies the home is valued at $350,000. How much will be counted in his gross taxable estate? A. None, as it passes directly to his spouse, Jean. B. $175,000 - or one-half of the value C. $225,000 - or the full amount minus the $125,000 one-time exclusion for capital gains on a person residence. D. $350,000 - the full amount is includable. B. $175,...

ERISA - ANSWEREmployee Retirement Income Security Act 1974 SOC Reports - ANSWERService Organization Controls: for external vendors SOC 1 - ANSWERInternal Controls & Financial reports; used by auditors SOC 2 - ANSWERSecurity, availability, processing integrity, confidentiality and privacy controls;used by management, regulators, and others under an NDA SOC3 - ANSWERSame as SOC2, but available for public use. Tribble V Edison - ANSWERLandmark court case re fiduciary responsibility p...

Florida Guardianship Chapter - 744 Plenary Guardianship - Total loss of rights of a person; Guardian can make all decisions regarding healthcare, and financial Incompetency was replaced by... - Incapacity Qualifications to serve as a guardian.... - 1- over the age of 18 2- no felony charges 3- not a service provider 4- never charged with abuse, abandonment, or neglect 5- not a creditor Qualifications Florida Statute - 744.309 Criminal investigation statute - 744.3135 Crimi...

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...

BUSINESS MANAGEMENT AND ADMINISTRATION CLUSTER EXAM WITH COMPLETE SOLUTIONSBUSINESS MANAGEMENT AND ADMINISTRATION CLUSTER EXAM WITH COMPLETE SOLUTIONSBUSINESS MANAGEMENT AND ADMINISTRATION CLUSTER EXAM WITH COMPLETE SOLUTIONSBUSINESS MANAGEMENT AND ADMINISTRATION CLUSTER EXAM WITH COMPLETE SOLUTIONS In order for a contract between two parties to be legally binding, one party must make an offer and the other party must accept the offer. This offer and acceptance meet the __________ provision. - ...

CEBS: GBA/RPA 3 (new curriculum) latest update 100% pass ERISA Employee Retirement Income Security Act 1974 SOC Reports Service Organization Controls: for external vendors SOC 1 Internal Controls & Financial reports; used by auditors SOC 2 Security, availability, processing integrity, confidentiality and privacy controls;used by management, regulators, and others under an NDA SOC3 Same as SOC2, but available for public use. Tribble V Edison Landmark court case re fiduciary responsibility pe...

ERISA Prudent Man Rule - Requires plan fiduciaries to hire knowledgeable professionals for plan duties. Fiduciary Duty - Obligation to act in the best interest of plan participants and beneficiaries. Plan Sponsor - Employer responsible for selecting and monitoring plan service providers. Exclusive Benefit Rule - Requires fiduciaries to act solely for the benefit of participants and beneficiaries. Plan Service Providers - Entities engaged to perform functions beyond the sponsor's exp...