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Peoplecert 106

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MoP® Foundation

$ 45 $ 67
Exam Code
106
Exam Name
MoP® Foundation
No. of Questions
173
Update Period
90 Days


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NEW QUESTION: 1
Which of the following best describes an objective for an audit of an environmental management system?
A. To determine conformance with requirements and agreements.
B. To evaluate executive management oversight.
C. To promote environmental awareness.
D. To assess whether an annual control review is necessary.
Answer: A

NEW QUESTION: 2
The difference between a "redemption fee" and a "rear-end load" is that:
A. the redemption fee refers to charges incurred by the fund when it sells securities it owns; the rear-end
load is a fee that is incurred by investors in the fund when they redeem their shares of the fund.
B. the redemption fee is another name for a 12b-1 fee, which is an annual expense associated with the
fund.
C. a rear-end load is used to compensate a salesperson who has sold shares of the fund; a redemption
fee is charged to offset the expenses a fund incurs in processing share redemptions.
D. There is no difference. These are synonymous terms.
Answer: C
Explanation:
The difference between a "redemption fee" and a "rear-end load" is that a rear-end load is
used to compensate a salesperson who has sold shares of the fund, while a redemption fee is charged to
offset the expenses a fund incurs in processing share redemptions.

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