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Exam Code: 8011
Exam Name: Credit and Counterparty Manager (CCRM) Certificate Exam
Version: V22.75
Q & A: 580 Questions and Answers
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NEW QUESTION: 1
Which report contains information on temporary access that even if granted may not be appropriate or justified in the long term?
A. Certified Conditionally Access Report
B. Certified Access Report
C. Abstained Access Report
D. CertifiedTemporary Access Report
Answer: A
NEW QUESTION: 2
Which of the following methods should be used when classified or sensitive data is stored on a server?
A. Partition encryption
B. Whole disk encryption
C. Directory encryption
D. File encryption
Answer: B
NEW QUESTION: 3
What is the default status of a newly created purchase order?
A. INPRG
B. PEND
C. WAPPR
D. DRAFT
Answer: A
NEW QUESTION: 4
Which of the following plans has similarities to both a defined benefit plan and a money purchase plan?
A. Profit sharing plan
B. Succession plan
C. Target benefit plan
D. Scanlon Plan
Answer: C
Explanation:
Explanation/Reference:
Answer option C is correct.
The target benefit plan has similarities to both a defined benefit plan and a money purchase plan. It is a cross between a money purchase pension plan and a defined benefit plan.
Answer option B is incorrect. A succession plan identifies critical positions in an organization and how they will be filled if current incumbents leave.
Answer option D is incorrect. The Scanlon Plan is a cost saving productivity-incentive plan. It was created in the 1930s by Joseph Scanlon. In this plan, employees are rewarded for productivity and cost savings to promote performance of the organization.
Answer option A is incorrect. A profit sharing plan is an employee motivation plan. This plan is established and maintained by an employer. In this plan, employees receive a share of the firm's profits determined by an agreed upon formula.
Chapter: Compensation and Benefits
Objective: Total Rewards Defined
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