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
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.
When you are ready, proceed to the current exam.
Read about the new Word Police training manual, Word Court, by Word Police Commissioner Barbara Wallraff.
Join a conversation on Word Police and Word Court in Atlantic Unbound's reader forum, Post & Riposte.
Read latest Word Court columns from The Atlantic Monthly, and browse the Word Fugitives archive, in The Court Record.
Sample Entrance Exam
Word Police exams consist of questions similar to the ones below. Here beneath each question we've told you which answer is correct, and explained why.
When you are taking an genuine exam, once you've answered all five questions, press the "Submit answers" button to have your responses scored. If you're not sure of the answer to any question, why not take your best guess? (No points are deducted for wrong answers.) You'll need to get at least four answers right to be allowed to proceed. On the next page, you will be asked a final question that you must answer correctly in order to pass the exam.
The genuine exams provide a clue about the intent of the questions that isn't available here -- namely, that each of them is the test for a particular squad or division. The questions on the entrance exam for any given squad will have to do with that squad's specialty. So, for example, on the entrance exam for the Number Unit, the focus of the questions will tend to be grammatical number (say, "the Word Police is ..." or "the Word Police are ..."?).
Copyright © 2000 by The Atlantic Monthly Company. All rights reserved.
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 Strengthen 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
Looking to prepare for the exam? ABA offers CRCM exam Online Prep.
View CourseScoring
ACS calculates the average number of correctly answered questions by Topic area. Based on this average, each student's score in a particular Topic is compared to the overall average and rated as: Below Average, Average, Above Average, or Outstanding Performance.
Only student scores for Part I (multiple-choice) are sent to the Local Section coordinators to be distributed to students.
Results
The 20 top-scoring students are invited to attend a study camp to compete for a spot in the U.S. team. Based on the score of their overall performance, some students are recognized with High Honors and Honors and receive a certificate from the USNCO national office. Approximately the top 50 students are recognized as High Honors and the next 100 as Honors. The list of High Honor and Honor students is published on the USNCO website.
Learn about the exam format and how to prepare for exams.
CEO of Apple Tim Cook arrives at the Sun Valley Lodge for the Allen & Company Sun Valley Conference in Sun Valley, Idaho, July 11, 2023.
Kevin Dietsch | Getty Images
All three major averages advanced for the week, powered by strong mega-cap earnings and favorable inflation data. The tech-heavy Nasdaq Composite led with a 2% gain, while the S&P 500 increased about 1% and the Dow rose 0.6%. Thursday snapped a 13-day winning streak for the 30-stock Dow average, a stretch not seen since 1987.
What Is a Certified Financial Planner (CFP)?
Certified Financial Planner (CFP) is a formal recognition of expertise in the areas of financial planning, taxes, insurance, estate planning, and retirement saving.
Owned and awarded by the Certified Financial Planner Board of Standards, Inc., the designation is awarded to individuals who successfully complete the CFP Board's initial exams, then continue ongoing annual education programs to sustain their skills and certification.
Key Takeaways
- A certified financial planner (CFP) has received a formal designation from the Certified Financial Planner Board of Standards, Inc.
- CFPs help individuals in a variety of areas in managing their finances, such as retirement, investing, education, insurance, and taxes.
- Becoming a CFP is a difficult and stringent process. It requires years of experience, successful completion of standardized exams, a demonstration of ethics, and a formal education.
- The most important aspect quality of a CFP is that they have a fiduciary duty, meaning they must make decisions with their client's best interests in mind.
Understanding a Certified Financial Planner (CFP)
CFPs are there to help individuals manage their finances. This can include a variety of needs, such as investment planning, retirement planning, insurance, and education planning. The most important aspect of a CFP is to be a fiduciary of your assets, meaning that they will make decisions with your best interests in mind.
CFPs are all-encompassing, particularly when compared to investment advisors. CFPs will usually start the process by evaluating your current finances, including any cash, assets, investments, or properties, to come up with an estimate of your income and net worth. They also take a look at your liabilities, such as mortgages and student debt.
From this point on they work with you to come up with an individualized financial plan. For example, say you are nearing retirement, the CFP will create a financial plan that can see you through your retirement years. Or perhaps you have a child that will be starting college. The CFP can help create a financial plan to manage that cost.
A CFP is a financial adviser who has earned a certification that indicates in-depth knowledge of financial planning. The requirements to become a CFP are some of the most difficult and stringent in the financial industry.
CFP and Fiduciary Duty
All CFPs are held to the standard of fiduciary duty. That means they must always put your interests as a client ahead of their own. For example, if they would more money selling one product over another, but the product that made them less money was better for you, that is the product they must recommend.
A CFP's fiduciary duty is clearly laid out by the CFP Board and states "At all times when providing financial advice to a client, a CFP professional must act as a fiduciary, and therefore, act in the best interest of the client."
The board goes on to state that three duties must be met by an adviser with a fiduciary duty. These are (1) duty of loyalty, (2) duty of care, and (3) duty to follow client instructions.
How to Become a Certified Financial Planner (CFP)
Earning the CFP designation involves meeting requirements in four areas: formal education, performance on the CFP exam, relevant work experience, and demonstrated professional ethics.
The education requirements comprise two major components. The candidate must hold a bachelor's or higher degree from an accredited university or college. Second, the candidate must complete a list of specific courses in financial planning, as specified by the CFP Board.
Much of this second requirement is typically waived if the candidate holds certain accepted financial designations, such as a chartered financial analyst (CFA) or certified public accountant (CPA) designation, or has a higher degree in business, such as a master of business administration (MBA).
As for professional experience, candidates must prove they have at least three years (or 6,000 hours) of full-time professional experience in the industry, or two years (4,000 hours) in an apprenticeship role.
Lastly, candidates and CFP holders must adhere to the CFP Board's standards of professional conduct. They must also regularly disclose information about any involvement in criminal activity, inquiries by government agencies, bankruptcies, customer complaints, or terminations by employers. The CFP Board conducts an extensive background check on all candidates before granting the certification.
Even successful completion of the above steps doesn't guarantee receipt of the CFP designation. The CFP Board has final discretion on whether to award the designation to an individual.
The Certified Financial Planner (CFP) Exam
The CFP exam includes 170 multiple-choice on more than 100 Topics related to financial planning. The scope includes professional conduct and regulations, financial planning principles, education planning, risk management, insurance, investments, tax planning, retirement planning, and estate planning.
The various Topic areas are weighted, and the most latest weighting is available on the CFP Board website. Further questions test the candidate's expertise in establishing client-planner relationships and gathering relevant information, and their ability to analyze, develop, communicate, implement, and monitor the recommendations they make to their clients.
Here's some additional information on the administration, costs, and scoring of the CFP exam:
- Timing: Candidates sit for two three-hour sessions on a single day; a 40-minute break period separates the sessions. Exams are typically offered in three eight-day windows: March, July, and November.
- Cost: $925 for an exam administered at a U.S. test site, with a discount for early applications and a surcharge for late ones.
- Passing Score: This is criterion-referenced, which means performance is measured according to a set level of required competency, rather than against the scores of other individuals who have written the same exam. This prevents any advantages or disadvantages that can occur when past exams were of lower or higher difficulty.
- Retaking the test: If you fail, you may retake the test up to four additional times.
CFP vs. CFA
Though a certified financial planner (CPA) and a chartered financial analyst (CFA) may sound similar, they are different certifications with different job functions and clients. A CFP works with individuals, often retail clients, helping them achieve their financial goals. This includes help in investing and retirement planning.
A CFA works with corporations performing investment analysis. CFAs focus on financial reporting, analysis, and portfolio management. They can trade financial products, such as derivatives, and help in mergers and acquisitions. CFA's usually work for investment banks and hedge funds.
Frequently Asked Questions
When Do You Need a CFP?
If you are just looking to invest money in stocks and bonds, a CFP probably isn't needed.
If you are looking to manage your finances, investment choices, estate planning, and retirement planning, a CFP can help you with all of those needs.
A CFP is a step above a non-designated financial advisor and has demonstrated expertise in financial planning.
How Much Does a CFP Cost?
How much a CFP costs will depend on your specific needs.
On average, a CFP charges between $1,800 and $2,500 for preparing a full financial plan. You also should expect $4,000 for a flat-fee retainer or $250 per hour for hourly services.
Is CFP the Same as CFA?
No, CFP and CFA are not the same.
A CFP is a certified financial planner who provides financial planning advice to individuals. This includes help with investing, retirement planning, estate planning, and tax law.
A CFA is a chartered financial analyst who may work for an investment bank or hedge fund and performs financial analysis, modeling, trading, and portfolio management services.
Is CFP Equivalent to MBA?
No, a CFP is not equivalent to an MBA.
A certified financial planner (CFP) is qualified to advise individuals on financial planning.
The holder of a master of business degree has studied the way businesses operate.
The career paths differ. A CFP works in financial consulting or wealth management. An MBA may be a business manager, portfolio manager, financial analyst, financial strategist, or even an entrepreneur.
Is the CFP exam Hard?
The CFP exam requires a lot of preparation and covers a wide range of Topics in depth. The best way to ensure you pass the CFP exam is by preparing for it well in advance and sticking to a study schedule.
The Bottom Line
Becoming a CFP takes education and experience, as well as a strong grasp of financial ethics. The test to gain this distinction is comprised of 170 questions and is split into two three-hour sessions.
Even if candidates pass the test and meet all the requirements, the CFP Board still has the final say about whether to award this distinction. Given the stringent requirements, CFPs can be assumed to have an in-depth understanding of financial planning.
Between January and June, NCLEX pass rates increased for both licensed practical and vocational nurse candidates, according to second quarter results of 2023 pass rates across the U.S., released Aug. 3 by the National Council of State Boards of Nursing.
These results are the first to be published since the NCSBN debuted its new Next Generation NCLEX exam format, which launched in April.
In the first quarter of the year between January and March, there were 56,972 U.S.-educated, first-time candidates who took the NCLEX exam resulting in an 80.48 percent pass rate.
But between April and June — following the launch of the new exam format — there were 60,844 U.S.-educated, first-time candidates of which 94.32 percent passed.
Compared to the same timeframe in 2022, only 82.19 percent had passed.
"Although clinical judgment was being taught in prelicensure programs, NCSBN worked with educators to explain how the NGN was being constructed using the Clinical Judgment Measurement Model at its core," Philip Dickison, PhD, RN, chief operating officer, NCSBN said in an Aug. 3 news release. "Educators were introduced to the types of questions that would be included and the type of exam experience a candidate will have. The results from the first quarter show that our collaboration was successful."
Individuals who were first-time exam takers with an international education passed in the first quarter of 2023 at a percent rate of 39.86 percent, but in the second quarter 57.69 percent passed.
Among repeat exam takers who were U.S.-educated, 40.66 percent passed in the first quarter and 62.15 percent passed in the second quarter.
General Final exam Information
GeneralFinal exams will be generated by the Registrar’s Office according to an exam matrix on or about the last day of the add/drop period for the term for any course that has 'Yes' indicated for a Final exam in the catalog. The day and time of the first class meeting during the week determine the date and time for each exam. Courses that meet outside the normal university block scheduling will be scheduled within the time block that best fits the schedule without creating conflicts for students.
Exam times are as follows:
- 8 – 11 a.m.
- 11:30 a.m. – 2:30 p.m.
- 3 – 6 p.m.
- 6:30 - 9:30 p.m.
While exam blocks are three hours long, the genuine length of the exam is determined by the instructor.
If examination days are postponed because of weather conditions, the first make-up day is documented on the academic calendar.
Faculty should review their exam schedule just after the last day of add/drop. If an exam was not generated or changes are needed, please email: scheduling@uml.edu. Requests for final exams, combined exams, etc. will not be accepted after the mid-semester evaluation date for the term in question. Please refer to the academic calendar for specific date information.
Common Exams
- Faculty should plan to administer a separate exam for each section of a course that they are teaching.
- Requests for common exams must be approved by the Dean AND the course must have, at minimum, three (3) class sections to be considered for common exam scheduling.
- Requests should be submitted by email to: scheduling@uml.edu no later than the mid-semester evaluation date for said term, and all requests are subject to classroom availability.
- Common Finals will need to be applied to all sections of a course not to individual instructors.
- Common exam Finals will be assigned to a common exam block.
- Students who are scheduled for two common exams at the same time should check with their instructors to see which exam has priority.
Note: Requests for combined exams will not be accepted after the mid-semester evaluation date for the term in question. Please refer to the academic calendar for specific date information.
Examination Conflicts
If a student has three (or more) finals scheduled on the same exam day, the student has the right to ask that a make up exam (or exams) be scheduled to reduce the number of exams in each day to two. Under these circumstances, required courses1 take priority, so the student should make every effort to arrange the make-up exam for a non-required course with the respective instructor. Likewise, if a student has two finals scheduled in the same exam period, the required course takes priority; the student should schedule a make-up exam for the non-required conflicting course with the respective instructor. If for any reason a mutually agreeable solution between the student and the instructor cannot be achieved, the student should see his or her college dean immediately.
Students – If you have questions regarding any of your final exams, please contact your instructor directly. Instructors should reach out by email to: scheduling@uml.edu if an exam update is needed in SiS.
1'Required courses' refers to whichever course is required toward that specific student’s degree pathway.
Final Exams for Hybrid and Virtual Class Sections
Exams (including final exams) for fully virtual classes should be administered virtually, as that is the modality which students selected. Exceptions to hold on-campus exams require deans' approval. An email (noting the approval) should be sent by email to: scheduling@uml.edu so that the exam location may be updated – exceptions are subject to room availability. If approved, faculty must indicate the alternate exam format in their course syllabus and accommodate students who are unable to attend in-person exams.
If a class section is hybrid (includes both an in-person meeting and either an online or virtual meeting pattern), then the final exam will be assigned as in-person, but the instructor may request the final exam to be virtual/online depending on the modes of instruction of the hybrid section. Hybrid courses also include courses that have more than one component with different modes of instruction (i.e., the lecture portion is virtual, but the recitation is in-person) and the instructor may decide whether or not the final exam is in-person in this scenario as well. Any requests for final exam updates should be sent by email to: scheduling@uml.edu.
Undergraduate and Graduate Final Exams (Day-school Sections)
- Faculty are not required to administer cumulative final examinations and should assess their students as appropriate to their discipline and course content. If an exam is assigned and will not be taking place, please email: scheduling@uml.edu.
- Faculty who opts to administer final examinations must do so at the time and place specified by the Registrar's Office and listed in SiS. All day-school sections that are noted in the catalog with 'Yes' for final exam, will have a final exam block generated.
- Final take-home examinations or final papers must not be due earlier than the time that the Registrar's Office has scheduled the final examination for the course in question (although instructors may opt to allow such examinations or papers to be submitted early).
- Note: If an academic program requires that students take final examinations for accreditation purposes, faculty are expected to adhere to the requirements of their accrediting organization.
- Graduate class sections may opt to administer their final exams on the last day of regular class meetings (week prior to the final exam period) but should contact scheduling if this is what they decide and need to remove a final exam block that was generated for their class section.
- For any course with a final exam during the exam period, no hour-examination (or major paper or project) shall be administered or due during the last five academic days of the semester unless the college dean has allowed an exemption.
Graduate, Online and Professional Studies Final Exams (GPS Sections)
Graduate, Online and Professional Studies sections (section number typically begins with '0') take place on the final on-campus meeting day for that section (usually the week prior to the final exam period) – please see the on-campus course dates on Graduate, Online and Professional Studies website for the final meeting date (not to be confused with the course session dates).
If a GPS section is 'matched' (combined) with a day-school section (example ACCT 2010 201 and ACCT 2010 001), the final exam will follow day-school guidelines and an exam block will be assigned for both sections in SIS.
Classroom Reservations During the Final exam Period
Classroom reservations for ad hoc needs during the final exam period (review sessions, exam accommodations, makeup exams, etc.) will be accepted one week prior to the final exam period. Please email scheduling for these requests.
Makeup Examinations
Individual makeup exams should be coordinated between the student and instructor as needed and should take place through the UMass Lowell Testing Centers or in a department location (please do not use academic classrooms for individual makeup exams without a confirmed reservation).
If an entire class needs to makeup an exam due to an unforeseen circumstance or emergency, the exam should be rescheduled by emailing: scheduling@uml.edu. Makeup exams for classes should take place during the regular examination period.
The university final exam makeup dates listed on the university calendar are only to be used for inclement weather or other unanticipated university closure and should not be used as final exam dates for individual student or class makeup exams.
Disability Services Support & Resources
Students who are registered with the Disability Services Office and have been approved for an extended time accommodation: if you have two exams scheduled on the same day, you may reschedule one of the exams if it has been confirmed that both exams are scheduled to use the entire 3-hour block. Please refer to the instructions under Examination Conflicts listed above to do so. For any other accommodation or disability-related question or concern, please contact by email: disability@uml.edu or visit Disability Services website for faculty and student resources.
