Phil 332 Final exam Format

Part A will consist of a small number of short-answer questions. In each instance your response will likely take the form of a short paragraph.

Part B will require you to respond to one or two short, essay-type questions in a direct and straightforward way. These items will each be worth more marks than those of Part A, and your responses should be correspondingly more detailed. (I imagine that you might write two or three short paragraphs per question here.)

In both Part A and Part B it will be important to stick to the specific questions at hand. You will lose marks for going on about things that do not contribute significantly to a direct response.

Monday, April 18, 3:30 p.m. in AQ 3005

Return to the Philosophy 332 Administrative Information page.

Final exam solution

The Final exam will be Monday, December 12 from 3:30-5:30 pm.

Prof. Hess will be available for last-minute questions on Monday in ME 3003B.

• 9:30-10:30 am
• 11:30 am - 1 pm
• 1:30-3 pm

All students will take the exam in CL50.

Some additional notes regarding the Final Exam:

• The exam will cover material from Lecture 30 (Gear Geometry) to Lecture 43 (GD&T) on the course schedule.
• The exam format will be similar to Exams 1 and 2 and to the exams posted on the course website: 25% short-answer questions and 75% work-out problems.
• The exam is closed-book and closed-note
  • Final exam equation sheet (will be provided with the exam)
  • You may also bring an 8.5" x 11" crib sheet to the exam.  The crib sheet must be turned in with the exam.
• The exam will follow ME's calculator policy.

Final exam from previous semesters

Purpose

To determine authenticity and authorship.

Method

The specifics of an investigation will depend on the nature of the document being studied (e.g., historical or personal) and the goals of the inquiry. Generally speaking, a document will be examined from three different aspects: historical, scientific, and stylistic.

Historical Analysis

It is virtually impossible to pinpoint the age of an undated document, but there may be clues to the era. If it is a printed piece - say a greeting card - the method of printing, address, and even the stamp may be important.

At the very least, materials and techniques must be consistent with place and time. Many forgeries are identified by the presence of materials that didn’t exist at the time alleged.

Scientific Analysis

A detailed paper analysis will detect every shred of physical evidence concealed in a document.

Stylistic Analysis

Comparisons of style are essential for authentication. Penmanship, cultural phrasing, and form of address can help to identify both the era and author. Handwriting comparisons can authenticate a signature or manuscript.

In some cases, all of it taken together can’t solve a historical puzzle. For example, there are five known manuscript copies of the Gettysburg Address. Testing has proved that all are authentic Lincoln documents. But it will never prove, definitively, which of the five Lincoln actually read from at Gettysburg.

The following questions are representative of the types of questions you will find on the CRCM (Certified Regulatory Compliance Manager) exam.

1.  A borrower has a right to rescind a loan agreement in all of the following situations except:

a. A line of credit used for the borrower's business, secured by the borrower's primary  dwelling
b. A revolving line of credit secured by the borrower's primary dwelling used to Improve the borrower's home
c. An increase of a line of credit from $5,000 to $10,000 secured by the borrower's primary dwelling
d. A loan to pay off a contract for a deed secured by the borrower's primary dwelling

2.  When opening a deposit account online, Regulation E disclosures MUST be provided at the time of account opening or: 

a. Before the first EFT occurs 
b. Along with the first periodic statement 
c. Within three business days of account opening 
d. Within three business days of a customer's request for the EFT service

3.  The primary responsibility for overseeing a bank’s inherent compliance risk should lie with which of the following?

a. Internal audit
b. Consumers
c. Board of Directors
d. Compliance officer

4.   A branch manager finds an unexplained $7,000 cash shortage in Teller #1's cash drawer. Which of the following actions must the bank take?

a. File a Currency Transaction Report (CTR) with the IRS
b. Discharge Teller #1 immediately
c. Send a notice of adverse action to the bank's federal regulator
d. File a Suspicious Activity Report (SAR)

5.  A compliance professional recently discovered the bank did not file and disclose an accurate covered agreement, as required by the CRA Sunshine Act. In order to ensure correct reporting in the future, what must be provided? 

a. All individual mortgage loans 
b. Grants or loans to fulfill CRA activity 
c. Non-public or confidential information that will be provided in the public file 
d. A copy of the agreement to the regulatory agency 24 months after the end of the term

Answer Key

1. a
2. a
3. c
4. d
5. b

Domains

The CTFA advisory board has determined that a competent trust advisor professional's expertise includes the following domains: 

• Fiduciary Principles and Applications
• Integrated Planning and Advice (Financial and Tax)
• Asset Management - Interaction of All Asset Types
• Administration of Trust Accounts
• Risk/Compliance Management
• Ethics
• Relationship Management

Please review the CTFA Examination Outline for additional details, as well as the FAQ Document and Webinar on exam Changes.

Study Resources 

While ABA recommends these resources as appropriate examination preparation, ABA does not certain that you will pass the exam by completing these educational programs or studying these materials alone. The CTFA exam assesses not only your knowledge of the syllabus on the exam outline, but also your application of that knowledge. You should refer frequently to the CTFA exam Outline when preparing for the exam.

IMPORTANT NOTICE: The only legitimate resource for ABA’s certifications, including reference materials, are available on www.aba.com. Any other resources or guides related to ABA’s certification programs offered for sale on third party platforms such as Amazon and eBay is not authorized by the ABA and such purchases are at the buyer’s risk. While it is not illegal for publishers to write separate resources to potential customers, it can be difficult to determine the legitimacy of offers from these organizations, especially if they contain unauthorized uses of ABA’s federally protected logo. If you do not make your purchase with ABA directly, we will not be able to assist you in any capacity. Please contact ABA Customer Service at 1-800-BANKERS to be directed to a legitimate resource.

Exam Format, Scoring and Reporting

• 200 multiple-choice questions (see Sample Questions)
• Maximum 4 hour timeframe allowed
• The February exam will only cover laws and regulations in effect through 12/31 of the prior year. All other exams will cover current laws and regulations.
• Calculators will be provided
• Instant "Pass/Fail" outcome provided for most computer based exams at test sites. Occasionally, instant outcomes are not provided while statistical analysis is conducted.
• Official score reports delivered via email within 6 weeks after the close of the exam window 
• For full details, read the Certification exam FAQs 

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A typical examination question in Mathematics will have several parts to it. Some parts (most usually at the beginning of the question) test your knowledge, by asking you to reproduce "bookwork", i.e. material presented in the lectures. Really, these parts test how well you've revised. Occasionally, especially in certain more advanced courses, there are entire questions that are bookwork. In some courses, some pieces of bookwork come up in the exam almost every year. In other courses, hardly any bookwork is set explicitly.

Tip: Figure out which pieces of bookwork come up most frequently, and make sure you can answer those questions easily and quickly.

You would be surprised how many poor attempts at routine bookwork questions we see every year. These are the parts of the questions that we expect students to be able to do.

Other parts of examination questions involve a "problem". In a "Methods" course, this will typically involve you applying a known technique from the course, and again this is something we expect you to be able to do. In a Pure Mathematics course, you might be asked to prove a result, or to apply a result in a particular setting.

Tip: Sometimes (but certainly not always!), the first part of the question is intended as a big hint as to how you should approach the second part.

Many exam questions, especially those that are otherwise very routine, have a last part (a "rider") which is more challenging than the rest of the question. This is quite deliberate, and the intention is to test whether you've really understood the material.

Tip: Do try all the riders (they're not always so hard after all!) but don't waste too much time on them in an exam if there are other things you can tackle instead.

Students sometimes seem to be annoyed that they have to do something clever to get 100% on a question. Don't forget, in many other subjects it's practically impossible to score 100% on a question!

Tip: Make sure you've answered all the parts of the question. Sometimes you're asked to do seven or eight things, and it's easy to overlook one.