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NEW QUESTION: 1
What is the meaning of CCP within the Basel framework?
A. Central Clearing Counterparty
B. Collateralized Counterparty Protection
C. Collateralized Credit Protection
D. Collateralized Clearing Process
Answer: A
NEW QUESTION: 2
The reimbursement arrangement that Dr. Caroline Monroe has with the Exmoor Health Plan includes a typical withhold arrangement. One true statement about this withhold arrangement is that, for a given financial period,
A. Dr. Monroe and Exmoor are equally responsible for making up the difference if cost overruns exceed the amount of money withheld
B. Exmoor most likely withholds between 3% and 5% of Dr. Monroe's total reimbursement
C. Exmoor pays Dr. Monroe at the end of the period an amount over and above her usual reimbursement, and this amount is based on the performance of the plan as a whole
D. Exmoor most likely distributes to Dr. Monroe the entire amount withheld from her if her costs are below the amount budgeted for the period
Answer: D
NEW QUESTION: 3
In most organizations, access to the computer or the network is granted only after the user has entered a correct username and password. This process consists of 3 steps: identification, authentication and authorization. What is the purpose of the second step, authentication?
A. The system determines whether access may be granted by determining whether the token used is authentic.
B. The authentication step checks the username against a list of users who have access to the system.
C. In the second step, you make your identity known, which means you are given access to the system.
D. During the authentication step, the system gives you the rights that you need, such as being able to read the data in the system.
Answer: A
NEW QUESTION: 4
An Organization as a Whole must:
I. Provide an environment in which an Escalation Policy can be effective II. Commit itself to actual enforcement of corporate governance policies III. Provide ongoing education and training to all employees on the role of risk management and corporate governance in the organization IV. Publish an external auditor's opinion that the corporation is in compliance with the Board's publicly stated Standards of Corporate Governance
A. All of these are expectations of the Organization as a Whole
B. I, II and IV only
C. I, III and IV only
D. I, II and III only
Answer: A
FOCP FAQ
Q: What should I expect from studying the FOCP Practice Questions?
A: You will be able to get a first hand feeling on how the FOCP exam will go. This will enable you to decide if you can go for the real exam and allow you to see what areas you need to focus.
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FOCP Exam Info
In case you haven’t done it yet, we strongly advise in reviewing the below. These are important resources related to the FOCP Exam.
FOCP Exam Topics
Review the FOCP especially if you are on a recertification. Make sure you are still on the same page with what Linux Foundation wants from you.
FOCP Offcial Page
Review the official page for the FOCP Offcial if you haven’t done it already.
Check what resources you have available for studying.
Schedule the FOCP Exam
Check when you can schedule the exam. Most people overlook this and assume that they can take the exam anytime but it’s not case.