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Exam Code: L4M5

Vendor Name: CIPS

Total Practice Questions : 60

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NEW QUESTION: 1

A. Option B
B. Option C
C. Option D
D. Option A
Answer: B

NEW QUESTION: 2
George Washington served as president of the Constitutional Convention in 1787, and was then elected
President of the United States in 1789. This is from his first address to Congress. Such being the
impressions under which I have, in obedience to the public summons, repaired to the present station, it
would be peculiarly improper to omit, in this first official act, my fervent supplications to the Almighty Being,
who rules over the universe, who presides in the councils of nations, and whose providential aids can
supply every human defect, that his benediction may consecrate to the liberties and happiness of the
people of the United States a government instituted by themselves for these essential purposes, and may
enable every instrument employed in its administration to execute with success the functions allotted to
his charge. In tendering this homage to the great Author of every public and private good, I assure myself
that it expresses your sentiments not less than my own; nor those of my fellow-citizens at large, less than
either. No people can be bound to acknowledge and adore the invisible hand, which conducts the affairs
of men, more than the people of the United States.
Every step, by which they have advanced to the character of an independent nation, seems to have been
distinguished by some token of providential agency. And, in the important revolution just accomplished in
the system of their united government, the tranquil deliberations and voluntary consent of so many distinct
communities, from which the event has resulted, cannot be compared with the means by which most
governments have been established, without some return of pious gratitude along with a humble
anticipation of the future blessings which the past seems to presage. These reflections, arising out of the
present crisis, have forced themselves too strongly on my mind to be suppressed. You will join with me, I
trust, in thinking that there are none, under the influence of which the proceedings of a new and free
government can more auspiciously commence.
By the article establishing the executive department, it is made the duty of the President "to recommend
to your consideration such measures as he shall judge necessary and expedient." The circumstances,
under which I now meet you, will acquit me from entering into that subject farther than to refer you to the
great constitutional charter under which we are assembled; and which, in defining your powers,
designates the objects to which your attention is to be given. It will be more consistent with those
circumstances, and far more congenial with the feelings which actuate me, to substitute, in place of a
recommendation of particular measures, the tribute that is due to the talents, the rectitude, and the
patriotism, which adorn the characters selected to devise and adopt them. In these honorable
qualifications I behold the surest pledges, that as, on one side, no local prejudices or attachments, no
separate views or party animosities, will misdirect the comprehensive and equal eye, which ought to
watch over this great assemblage of communities and interests; so, on another, that the foundations of
our national policy will be laid in the pure and immutable principles of private morality, and the
preeminence of a free government be exemplified by all the attributes, which can win the affections of its
citizens, and command the respect of the world.
The "comprehensive and equal eye" that is to watch over Congress is
A. the eye of God
B. the power of the press
C. Congress's unbiased objectivity
D. the will of the people
E. a "Big Brother" figure in government
Answer: C
Explanation:
Explanation/Reference:
A careful reading of(end of last paragraph) shows that Washington is concernedthat Congress must be
unbiased and impartial, guided by the "principles of private morality." If"local prejudices" or "party
animosities" interfere, Congress's "equal eye" will be "misdirected."

NEW QUESTION: 3
During project execution, the risk owner is monitoring the critical speed rate of a power engine to eventually trigger the defined risk-response strategy. During the risk assessment and management process phase, it was defined that the power engine has the following characteristics
1,600 rpm (rate-per-minute) -> stops working and crashes the system
1.500 rpm (rate-per-minute) -> warns of max rate allowed
1.400pm (rate-per-minute) -> reduces the power and brakes the engine
Which of the following statements is correct?
A. 0 1,600 rpm is a project risk,
1,500 rpm is an event that triggers a response strategy and 1,400 rpm is a project issue.
B. 1600 rpm is a project issue; 1,500 rpm is a project risk; and
1,400 rpm is an event that triggers a response strategy
C. 1,600 rpm is a project issue,
1,500 rpm is an event that triggers a response strategy and 1,400 rpm is a project risk
D. 1.600 rpm is an event that triggers a response strategy.
1,500 rpm is a project issue and 1,400 rpm is a project risk.
Answer: B

NEW QUESTION: 4
All the following statements concerning a grantor-retained annuity trust (GRAT) or a grantor-retained unitrust (GRUT) are correct EXCEPT:
A. A grantor receives an annual payout from a GRUT that is based on the value that the trust grows or contracts to each year.
B. For gift tax purposes a grantor's retained interest in these trusts is valued at zero.
C. After the initial transfer to a GRAT, the grantor is prohibited from making additional contributions to the trust.
D. Post-transfer appreciation of property transferred to these trusts is excluded from the grantor's gross estate.
Answer: B


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