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M05 real exams

Exam Code: M05

Exam Name: Insurance law (IL) Exam

Version: V13.25

Q & A: 72 Questions and Answers

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NEW QUESTION: 1
You invest $100 000 for 3 years at a continuously compounded rate of 3%. At the end of 3 years, you redeem the investment. Taxes of 22% are applied at the time of redemption. What is your approximate after-tax profit from the investment, rounded to $10?
A. $7100
B. $7350
C. $7230
D. $9420
Answer: B

NEW QUESTION: 2
Which of the following statements is not true about red flags?
A. There is a scarcity of established literature on red flags.
B. It can be challenging to quantify red flags.
C. Red flags do not necessarily mean that fraud exists.
D. Red flags can point auditors to intentional wrongdoing, errors and omissions, inefficiency, and conflicts of interest.
Answer: A

NEW QUESTION: 3
Which of the following is described by the TOGAF Architecture Content Framework as a type of artifact
that shows lists of things?
A. Diagram
B. Building Block
C. Matrix
D. Catalog
E. Deliverable
Answer: D

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