MLO Simulations Pdf | Updated MLO Test Cram & MLO Answers Free - 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
Refer to the exhibit.

With which metric was the route to host 172.16.0.202 learned?
A. 0
B. 1
C. 2
D. 3
Answer: B

NEW QUESTION: 2
In June, Bubba bought 100 shares of XYZ at $35. In November, he bought a listed put in XYZ with a $35 strike price and a July expiration for a premium of $600. In April, Bubba exercises the put option and uses his stock for delivery.
What is his resulting tax consequence?
A. cannot be determined without knowing the market price of XYZ upon exercise
B. neither profit nor loss
C. a $600 capital loss
D. this is a wash sale and cannot be included in the investor's tax calculations
Answer: C
Explanation:
Explanation/Reference:
Explanation: a $600 loss. The strike price and Bubba's purchase price are the same. He has a $600 loss on the option for the premium he paid.

NEW QUESTION: 3
Which of the following is used to interrupt the opportunity to use or perform collusion to subvert operation for fraudulent purposes?
A. Principle of need-to-know
B. Principle of least privilege
C. Key escrow
D. Rotation of duties
Answer: D
Explanation:
Job rotations reduce the risk of collusion of activities between individuals. Companies with individuals working with sensitive information or systems where there might be the opportunity for personal gain through collusion can benefit by integrating job rotation with segregation of duties. Rotating the position may uncover activities that the individual is performing outside of the normal operating procedures, highlighting errors or fraudulent behavior.
Rotation of duties is a method of reducing the risk associated with a subject performing a (sensitive) task by limiting the amount of time the subject is assigned to perform the task before being moved to a different task.
The following are incorrect answers: Key escrow is related to the protection of keys in storage by splitting the key in pieces that will be controlled by different departments. Key escrow is the process of ensuring a third party maintains a copy of a private key or key needed to decrypt information. Key escrow also should be considered mandatory for most organization's use of cryptography as encrypted information belongs to the organization and not the individual; however often an individual's key is used to encrypt the information.
Separation of duties is a basic control that prevents or detects errors and irregularities by assigning responsibility for different parts of critical tasks to separate individuals, thus limiting the effect a single person can have on a system. One individual should not have the capability to execute all of the steps of a particular process. This is especially important in critical business areas, where individuals may have greater access and capability to modify, delete, or add data to the system. Failure to separate duties could result in individuals embezzling money from the company without the involvement of others.
The need-to-know principle specifies that a person must not only be cleared to access classified or other sensitive information, but have requirement for such information to carry out assigned job duties. Ordinary or limited user accounts are what most users are assigned. They should be restricted only to those privileges that are strictly required, following the principle of least privilege. Access should be limited to specific objects following the principle of need-to-know.
The principle of least privilege requires that each subject in a system be granted the most restrictive set of privileges (or lowest clearance) needed for the performance of authorized tasks. Least privilege refers to granting users only the accesses that are required to perform their job functions. Some employees will require greater access than others based upon their job functions. For example, an individual performing data entry on a mainframe system may have no need for Internet access or the ability to run reports regarding the information that they are entering into the system. Conversely, a supervisor may have the need to run reports, but should not be provided the capability to change information in the database.
Reference(s) used for this question: Hernandez CISSP, Steven (2012-12-21). Official (ISC)2 Guide to the CISSP CBK, Third Edition ((ISC)2 Press) (Kindle Locations 10628-10631). Auerbach Publications. Kindle Edition. and Hernandez CISSP, Steven (2012-12-21). Official (ISC)2 Guide to the CISSP CBK, Third Edition ((ISC)2 Press) (Kindle Locations 10635-10638). Auerbach Publications. Kindle Edition. and Hernandez CISSP, Steven (2012-12-21). Official (ISC)2 Guide to the CISSP CBK, Third Edition
((ISC)2 Press) (Kindle Locations 10693-10697). Auerbach Publications. Kindle Edition.
and
Hernandez CISSP, Steven (2012-12-21). Official (ISC)2 Guide to the CISSP CBK, Third Edition
((ISC)2 Press) (Kindle Locations 16338-16341). Auerbach Publications. Kindle Edition.

NEW QUESTION: 4
Welches der folgenden Beispiele ist ein passiver Angriff über das Internet?
A. Verkehrsanalyse
B. E-Mail-Spoofing
C. Maskieren
D. Denial of Service
Answer: A
Explanation:
Erläuterung:
Internet-Sicherheitsbedrohungen / -schwachstellen werden in passive und aktive Angriffe unterteilt. Beispiele für passive Angriffe sind Netzwerkanalysen, Lauschangriffe und Verkehrsanalysen. Aktive Angriffe umfassen Brute-Force-Angriffe, Maskierung, Paketwiedergabe, Änderung von Nachrichten, unbefugten Zugriff über das Internet oder webbasierte Dienste, Denial-of-Service-Angriffe, Einwahl-Penetration-Angriffe, E-Mail-Bombenangriffe und E-Mail-Spam Spoofing.

 

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