CFEd practice Questions With Complete Solutions
A healthy learning environment can set the tone for a successful
program by including all of the following except:
1. An introduction which includes information about the
instructor
2. "Hands-on" work, such as worksheets for personal
involvement
3. Occasional breaks from the classroom session
4. Appropriately used humor
5. Personal stories that each member is encouraged to share
correct answers 4. Appropriately used humor
A presentation evaluation seeks to expose all of the following,
except:
1. Consistencies between the objectives and the presentation
2. Instructional objectives that are not present but should be
3. Instructional objectives that are present and should not be
4. Inconsistencies between instructional objectives and test items
5. Inadequate presentations correct answers 1. Consistencies
between the objectives and the presentation
All of the following are alternatives to probate except:
1. Property held within a trust
2. Property held within an irrevocable living trust
3. Property help in a joint tenancy arrangement
4. Cash in a checking account
,5. Proceeds of a life insurance policy paid to a named
beneficiary correct answers 4. Cash in a checking account
All of the following are good methods for finding company
contacts except:
1. Spouses of employees who come to your classes.
2. Referrals from HR professionals to other HR professionals.
3. Referrals from existing clients.
4. Referrals from other vendors/providers.
5. Paying a commission to HR professionals for leads. correct
answers 5. Paying a commission to HR professionals for leads
All of the following are non-penalized distributions from a Roth
IRA except:
1. Distributions for taxpayers over the age of 59.5, where the
contributions were made at least 5 years ago
2. Unlimited distributions for first time homebuyers
3. Distributions for education when the contributions were made
5 years ago
4. Distributions at the owner's death
5. Distributions prior to the age of 59.5, where the payments are
part of a series that extends over the participant's lifetime correct
answers 2. Unlimited distributions for first time homebuyers
All of the following are true regarding qualified plans except:
1. Defined contribution plans are insured by the Pension Benefit
Guarantee Corporation.
, 2. Defined contribution plans include stock bonus plans and
thrift plans.
3. An accrued benefit is not necessarily guaranteed.
4. A defined benefit plan won't always provide a recipient with a
guaranteed income simply because they are within five years of
normal retirement.
5. A defined benefit plan uses an actuary to determine the value.
correct answers 1. Defined contribution plans are insured by the
Pension Benefit Guarantee Corporation
All of the following is correct about disability insurance except:
a. The elimination period should be reasonable and keep the
insured from having cash flow problems.
b. The policy definition of "any occupation" will provide the
best protection for all workers.
c. It is best offered on a "group" basis.
d. The probability of disability could actually be higher than the
probability of death at some ages.
1. a and b only
2. b and d only
3. a and d only
4. b, c, and d only
5. a, b, and d only correct answers 3. a and d only
All of the following is true about comprehensive planning:
a. It creates a broader view of the future.
b. It provides alternatives for decision making purposes.
c. It allows a more complete financial check-up.
d. It allows quick assessment of an individual area.
e. It provides an easy one-best solution.
A healthy learning environment can set the tone for a successful
program by including all of the following except:
1. An introduction which includes information about the
instructor
2. "Hands-on" work, such as worksheets for personal
involvement
3. Occasional breaks from the classroom session
4. Appropriately used humor
5. Personal stories that each member is encouraged to share
correct answers 4. Appropriately used humor
A presentation evaluation seeks to expose all of the following,
except:
1. Consistencies between the objectives and the presentation
2. Instructional objectives that are not present but should be
3. Instructional objectives that are present and should not be
4. Inconsistencies between instructional objectives and test items
5. Inadequate presentations correct answers 1. Consistencies
between the objectives and the presentation
All of the following are alternatives to probate except:
1. Property held within a trust
2. Property held within an irrevocable living trust
3. Property help in a joint tenancy arrangement
4. Cash in a checking account
,5. Proceeds of a life insurance policy paid to a named
beneficiary correct answers 4. Cash in a checking account
All of the following are good methods for finding company
contacts except:
1. Spouses of employees who come to your classes.
2. Referrals from HR professionals to other HR professionals.
3. Referrals from existing clients.
4. Referrals from other vendors/providers.
5. Paying a commission to HR professionals for leads. correct
answers 5. Paying a commission to HR professionals for leads
All of the following are non-penalized distributions from a Roth
IRA except:
1. Distributions for taxpayers over the age of 59.5, where the
contributions were made at least 5 years ago
2. Unlimited distributions for first time homebuyers
3. Distributions for education when the contributions were made
5 years ago
4. Distributions at the owner's death
5. Distributions prior to the age of 59.5, where the payments are
part of a series that extends over the participant's lifetime correct
answers 2. Unlimited distributions for first time homebuyers
All of the following are true regarding qualified plans except:
1. Defined contribution plans are insured by the Pension Benefit
Guarantee Corporation.
, 2. Defined contribution plans include stock bonus plans and
thrift plans.
3. An accrued benefit is not necessarily guaranteed.
4. A defined benefit plan won't always provide a recipient with a
guaranteed income simply because they are within five years of
normal retirement.
5. A defined benefit plan uses an actuary to determine the value.
correct answers 1. Defined contribution plans are insured by the
Pension Benefit Guarantee Corporation
All of the following is correct about disability insurance except:
a. The elimination period should be reasonable and keep the
insured from having cash flow problems.
b. The policy definition of "any occupation" will provide the
best protection for all workers.
c. It is best offered on a "group" basis.
d. The probability of disability could actually be higher than the
probability of death at some ages.
1. a and b only
2. b and d only
3. a and d only
4. b, c, and d only
5. a, b, and d only correct answers 3. a and d only
All of the following is true about comprehensive planning:
a. It creates a broader view of the future.
b. It provides alternatives for decision making purposes.
c. It allows a more complete financial check-up.
d. It allows quick assessment of an individual area.
e. It provides an easy one-best solution.
