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IFSE Institute LLQP Reliable Test Pdf & Practice LLQP Questions - Latest LLQP Cram Materials - Chinaprint

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NEW QUESTION: 1
You want to combine items from different sales orders into one delivery document. Which common characteristics are required?
There are 2 correct answers to this question.
Response:
A. Ship-to party
B. Payment terms
C. Order type
D. Shipping point
Answer: A,D

NEW QUESTION: 2
You can enter a derivative contract that will pay $100 at the end of a year if the price of corn exceeds
$ 3 per bushel, or $50 if it is equal to $3 per bushel or lower. The probability that corn will exceed $3 by the end of one year is 50%. The current price of the contract is $60, and interest is 5% per year. What is the optimal strategy?
A. Buy $3 per bushel worth of corn futures.
B. Invest $60 at 5% until the end of the year.
C. Enter into the derivative contract for a cost of $60.
Answer: C
Explanation:
Enter into the derivative contract for a cost of $60, for the expected payoff is 0.50 * $100 +
0 .50 * $50 = $75. That is a 25% return on your investment in one year, greater than the 5% that could be made by investing the $60 at interest. This is an example of the investment consequences of inconsistent probabilities. The present value of the contract should be $75/1.05 = $71.43. Thus, an arbitrage opportunity is present. On an expected value basis, you can buy an asset worth $71.43 for only $60.

NEW QUESTION: 3
You are working in the Emergency department when you receive a call from a mother who says her
three-year-old has ingested furniture polish. What should you tell the mother to do first?
A. Call an ambulance.
B. Call the poison control center.
C. Induce vomiting.
D. Bring the child to the emergency department.
Answer: B
Explanation:
The mother needs to call the poison control center first. The poison control center will advise
the mother what to do from there. Do not induce vomiting unless poison control says to do so. Poison
control may advise that the mother bring the child to the emergency department; if so then the mother
should call the ambulance.

NEW QUESTION: 4
This type of cable is an unbalanced system:
A. Unshielded twisted-pair (UTP)
B. Screened twisted-pair (ScTP)
C. Shielded twisted-pair (STP)
D. Coaxial
Answer: D



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