NMLS MLO Q&A - in .pdf

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  • Exam Code: MLO
  • Exam Name: Mortgage Loan Origination (SAFE MLO) Exam
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NEW QUESTION: 1
Which of the following should be performed if a service provider does not want packets to make use of the shared buffer space when queued?
A. Set the CBS to 0.
B. Set the MBS to 0.
C. Set the MBS equal to the CBS.
D. Set the high-priority-only equal to the MBS.
E. Set the high-priority-only to 0.
Answer: C

NEW QUESTION: 2
In the Gains Chart displayed below, what does the $BEST-CHURNED line represent?

A. None of the above
B. The theoretically best model to predict the field CHUREND
C. The best current model to predict the field CHURNED
D. The best model for cases in the training partition to predict the field CHURNED
Answer: D

NEW QUESTION: 3
You are the project manager of the CUL project in your organization. You and the project team are assessing the risk events and creating a probability and impact matrix for the identified risks. Which one of the following statements best describes the requirements for the data type used in qualitative risk analysis?
A. A qualitative risk analysis encourages biased data to reveal risk tolerances.
B. A qualitative risk analysis requires accurate and unbiased data if it is to be credible.
C. A qualitative risk analysis required unbiased stakeholders with biased risk tolerances.
D. A qualitative risk analysis requires fast and simple data to complete the analysis.
Answer: B
Explanation:
Of all the choices only this answer is accurate. The PMBOK clearly states that the data must be accurate and unbiased to be credible. Answer D is incorrect. This is not a valid statement about the qualitative risk analysis data. Answer A is incorrect. This is not a valid statement about the qualitative risk analysis data. Answer B is incorrect. This is not a valid statement about the qualitative risk analysis data.

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