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MLO Exam Simulator
  • Exam Code: MLO
  • Exam Name: Mortgage Loan Origination (SAFE MLO) Exam
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  • Q & A: 40 Questions and Answers
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NEW QUESTION: 1
A venture capital investment is expected to yield of payoff of $100 million in five years if it survives.
The initial cost is $20 million and the appropriate discount rate is 20%. What is the average annual probability of failure that makes the investment's NPV = 0? In other words, what is the maximum annual average probability of failure before the investment is not acceptable?
A. 20%
B. 13%
C. 17%
Answer: B
Explanation:
The NPV is equal to zero when: Discounted expected payoff = Initial cost
[(1 - Average prob)5 $100 million] / (1.20)5 = $20 million Average annual probability = 0.1303, or 13%

NEW QUESTION: 2
The Reference Validation Mechanism that ensures the authorized access relationships between subjects and objects is implementing which of the following concept:
A. The Security Kernel.
B. The reference monitor.
C. Mandatory Access Control.
D. Discretionary Access Control.
Answer: B
Explanation:
The reference monitor concept is an abstract machine that ensures that all subjects have the necessary access rights before accessing objects. Therefore, the kernel will mediates all accesses to objects by subjects and will do so by validating through the reference monitor concept.
The kernel does not decide whether or not the access will be granted, it will be the Reference Monitor which is a subset of the kernel that will say YES or NO.
All access requests will be intercepted by the Kernel, validated through the reference monitor, and then access will either be denied or granted according to the request and the subject privileges within the system.
1.The reference monitor must be small enough to be full tested and valided
2.The Kernel must MEDIATE all access request from subjects to objects
3.The processes implementing the reference monitor must be protected
4.The reference monitor must be tamperproof
The following answers are incorrect: The security kernel is the mechanism that actually enforces the rules of the reference monitor concept. The other answers are distractors. Shon Harris, All In One, 5th Edition, Security Architecture and Design, Page 330 also see http://en.wikipedia.org/wiki/Reference_monitor

NEW QUESTION: 3
유일한 필수 문서 구매 서비스는 무엇입니까
정답을 선택하십시오
응답:
A. A / P 송장
B. 구매 주문
C. 공급 업체 세부 사항
D. 지불 균형
Answer: A

NEW QUESTION: 4
Inspecting for high-cycle fatigue can be difficult since:
A. The cracks are extremely tight.
B. Often the equipment is vibrating making non-destructive evaluations difficult.
C. Predicting the location of cracking is difficult.
D. Once the crack begins, only a few cycles are needed for the crack to lead to failure.
Answer: D

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