What make you a fiduciary Study guides, Class notes & Summaries

ACHE BOG Practice Exam 2024 REVIEW # 1 According to the ACHE’s Code of Ethics, one way that healthcare executives can avoid or minimize the negative implications of conflict of interest is to: Make the conflict known to those in superior positions. #2 The principles of quality improvement require that healthcare executives change their management philosophy from: Finding fault with employees to finding problems in processes. #3 What type of problem arises when...

Parents patriae is a Latin term that translates to - King as father parents of the country The concept of Prince Porte has given rise to the States authority to intervene in an individual's life in order to protect the person from harming himself or others in the following ways - Guardianship or conservatorship. Baker act. Protective services for children or adults. Involuntary treatment for substance abuse or mental illness. Who can amend or change the laws governing guardianship. - The ...

Cannon CTFA Prep Questions and Answers Already Passed Jean and John Simmons are married and own their own home as tenants by entirety. When John dies the home is valued at $350,000. How much will be counted in his gross taxable estate? A. None, as it passes directly to his spouse, Jean. B. $175,000 - or one-half of the value C. $225,000 - or the full amount minus the $125,000 one-time exclusion for capital gains on a person residence. D. $350,000 - the full amount is includable. B....

What is an agent? - Someone who acts on behalf of another (producer) What is a principal? - Party for whom action is taken (insurance company) What is an agency agreement? - Legal agreement that establishes the relationship between the principal and agent; outlines powers and responsibilities of agents. What is Express authority? - Powers given to agent as part of agency agreement(written) What is implied authority? - Powers not given by the agency agreement, but necessary to complete the ...

The components that make up a borrower's mortgage payment can best be remembered using which acronym? PITI (principal, interest, taxes, and insurance) From a real estate professional's point of view, what's the purpose of qualifying buyers? To determine the buyer's readiness to buy Activities that restrain trade and reduce competition and choices for consumers are considered to be what kind of violations? Antitrust Which of the following best describes market price? ...

RIBO: ENTRY LEVEL 1 LATEST UPDATE GRADED A Risk Chance of a loss Which type of risk is insured and why? Pure risk, because speculative risk is comparable to gambling. 3 Ways risk (management) is dealt with? REDUCE: preventative measures ASSUME/RETAIN: Self-insure TRANSFER: purchase insurance Which of the following is not a risk? A) Assume or retain risk B) Reduce the risk C) Doing nothing / avoiding the risk D) Transfer the risk C) Doing nothing / avoiding the risk Insurer Insurance compa...

What is an agent? - Answer- Someone who acts on behalf of another (producer) What is a principal? - Answer- Party for whom action is taken (insurance company) What is an agency agreement? - Answer- Legal agreement that establishes the relationship between the principal and agent; outlines powers and responsibilities of agents. What is Express authority? - Answer- Powers given to agent as part of agency agreement(written) What is implied authority? - Answer- Powers not given by the ag...

California Real Estate Exam Questions and Answers Latest. 1 of 50 - Sal bought a personal residence for $150,000. He made $150,000 of improvements during the three years he lived in it before he sold it. He sold the home for $750,000 and paid $50,000 in selling expenses, including the broker's commission. On what amount will he pay capital gains tax? $150,000 You answered incorrectly Remember that there is a $250,000 exclusion on capital gains tax for the sale of an individual's perso...

Land, plus all things permanently attached to it naturally or artificially is Real estate The buildings associated with this type of real estate property are outfitted much differently than other types of office buildings because of their unique use. For example, plumbing and electrical are often much more substantial, and there is usually a need for reception and examination rooms Health care Which of the following is a residential dwelling and with shared walled where the owner...

Parents patriae is a Latin term that translates to - ANSWERKing as father parents of the country The concept of Prince Porte has given rise to the States authority to intervene in an individual's life in order to protect the person from harming himself or others in the following ways - ANSWERGuardianship or conservatorship. Baker act. Protective services for children or adults. Involuntary treatment for substance abuse or mental illness. Who can amend or change the laws governing guardian...