MLO Latest Exam Pattern, NMLS MLO Valid Test Pattern | MLO Valid Exam Preparation - Cads-Group

  • Exam Number/Code : MLO
  • Exam Name : Mortgage Loan Origination (SAFE MLO) Exam
  • Questions and Answers : 260 Q&As
  • Price: $ 99.00 $ 39.00
MLO

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NEW QUESTION: 1

A. Option A
B. Option B
C. Option C
Answer: C

NEW QUESTION: 2
In a fee-for-service (FFS) reimbursement method, providers are paid per treatment or per service that they provide. One typical benefit of FFS reimbursement is that it:
A. Guards against the practice of defensive medicine
B. Is highly effective in preventing excessive services that take the form of churning, unbundling, and upcoding
C. Provides physicians who attempt to control costs with a higher rate of compensation than is provided to physicians who make the effort to control costs
D. Is relatively easy to initiate, especially in markets where managed care penetration is low
Answer: C

NEW QUESTION: 3
Examine this PeopleCode snippet:
class OCP_ROWSET extends Rowset; property integer FilledRowCount get;
method OCP_ROWSET(&strRecName As string, &strDataFld As
string, &strGetOrCreate As string);
method InsertRow(&iRow As integer) Returns boolean;
Select the correct statements. (Choose all that apply.)
A. Executing the RO_ROWSET method instantiates an object of the OCP_ROWSET class.
B. The OCP_ROWSET method is added to the ROWSET class, and, by extension, to any instances of the ROWSET class.
C. The OCP_ROWSET method runs automatically whenever an object is instantiated using the OCP_ROWSET class.
D. The OCP_ROWSET method must initialize the ROWSET class.
E. OCP_ROWSET is the constructor method for the OCP_ROWSET class.
Answer: C,D,E

NEW QUESTION: 4
Ben is the project manager of the CMH Project for his organization. He has identified a risk that has a low probability of happening, but the impact of the risk event could save the project and the organization with a significant amount of capital. Ben assigns Laura to the risk event and instructs her to research the time, cost, and method to improve the probability of the positive risk event. Ben then communicates the risk event and response to management. What risk response has been used here?
A. Explanation:
Enhance is a risk response to improve the conditions to ensure the risk event occurs. Risk enhancement raises the probability of an opportunity to take place by focusing on the trigger conditions of the opportunity and optimizing the chances. Identifying and maximizing input drivers of these positive-impact risks may raise the probability of their occurrence.
B. Sharing
C. Exploit
D. Transference
E. Enhance
Answer: E
Explanation:
is incorrect. Transference is a strategy to mitigate negative risks or threats. In this strategy, consequences and the ownership of a risk is transferred to a third party. This strategy does not eliminate the risk but transfers responsibility of managing the risk to another party. Insurance is an example of transference. Answer: C is incorrect. Exploit response is one of the strategies to negate risks or threats that appear in a project. This strategy may be selected for risks with positive impacts where the organization wishes to ensure that the opportunity is realized. Exploiting a risk event provides opportunities for positive impact on a project. Assigning more talented resources to the project to reduce the time to completion is an example of exploit response. Answer: D is incorrect. Sharing happens through partnerships, joint ventures, and teaming agreements. Sharing response is where two or more entities share a positive risk. Teaming agreements are good example of sharing the reward that comes from the risk of the opportunity.

 

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MLO Latest Exam Pattern, NMLS MLO Valid Test Pattern | MLO Valid Exam Preparation - Cads-Group


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