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Vendor: NMLS

Exam Code: MLO Dumps

Questions and Answers: 104

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NEW QUESTION: 1
Which of the following is correct in relation to the equitable remedy of rescission?
(i) Rescission is available in the event of any breach of contract
(ii) The victim of misrepresentation may automatically claim rescission (iiI) The purpose of rescission is to return the parties to their pre-contract position.
A. (i) and (ii) only
B. (iii) only
C. (ii) only
D. (ii) and (iii) only
Answer: B

NEW QUESTION: 2
Which of the following risks should be given highest priority?
A. Risks which have a low impact and a low likelihood of arising
B. Risks which have a low impact but which arise frequently
C. Risks which have a high impact and which may arise occasionally
D. Risks which have a high impact and have a low likelihood of arising
Answer: C

NEW QUESTION: 3
What is the primary function of enabling the Track Intercompany Elimination option during the application creation?
A. enables the application to include Intercompany data.
B. process will separate total elimination values by Data Source.
C. enables the application to perform Intercompany eliminations
D. enables the Elimination member in the Consolidation dimension
Answer: B

NEW QUESTION: 4
An organization uses a custom map reduce application to build monthly reports based on many small data files in an Amazon S3 bucket. The data is submitted from various business units on a frequent but unpredictable schedule. As the dataset continues to grow, it becomes increasingly difficult to process all of the data in one day. The organization has scaled up its Amazon EMR cluster, but other optimizations could improve performance.
The organization needs to improve performance minimal changes to existing processes and applications.
What action should the organization take?
A. Schedule a daily AWS Data Pipeline process that aggregates content into larger files using S3DistCp.
B. Have business units submit data via Amazon Kinesis Firehose to aggregate data hourly into Amazon S3.
C. Add Spark to the Amazon EMR cluster and utilize Resilient Distributed Datasets in-memory.
D. Use Amazon S3 Event Notifications and AWS Lambda to create a quick search file index in DynamoDB.
E. Use Amazon S3 Event Notifications and AWS Lambda to index each file into an Amazon Elasticsearch Service cluster.
Answer: A
Explanation:
Explanation
https://aws.amazon.com/blogs/big-data/seven-tips-for-using-s3distcp-on-amazon-emr-to-move-data-efficiently-b


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