ORION SERIES 65 EXAM 5 ADDITIONAL
EXAM QUESTIONS AND ANSWERS
(VERIFIED AND UPDATED)
Your daughter is getting married and, to celebrate, you give her fiance a beautiful watch that
you purchased for $5,575. What are the tax consequences of this gift? - ANS No Tax
One respect in which an LLC differs from an S corporation is that - ANS there is no statutory
limit on the number if investors in an LLC
There are several popular investment styles and, in many cases, portfolio managers use a
blended approach to security selection. If a portfolio manager adhered to a pure value style, he
would put most of his focus on: - ANS the company financial statements
Asset allocation is an important element of the portfolio management process because:
I. Different asset classes have different risk and return characteristics
II. Research indicates that asset allocation is much more important than security selection.
III. Portfolios that are focused on different asset classes will have very different returns over
time
IV. investors may prefer returns in different forms (eg. income or capital appreciation) - ANS I,
II, III, and IV
@2026/2027 ALLRIGHTS RESERVED.
EXAM QUESTIONS AND ANSWERS
(VERIFIED AND UPDATED)
Your daughter is getting married and, to celebrate, you give her fiance a beautiful watch that
you purchased for $5,575. What are the tax consequences of this gift? - ANS No Tax
One respect in which an LLC differs from an S corporation is that - ANS there is no statutory
limit on the number if investors in an LLC
There are several popular investment styles and, in many cases, portfolio managers use a
blended approach to security selection. If a portfolio manager adhered to a pure value style, he
would put most of his focus on: - ANS the company financial statements
Asset allocation is an important element of the portfolio management process because:
I. Different asset classes have different risk and return characteristics
II. Research indicates that asset allocation is much more important than security selection.
III. Portfolios that are focused on different asset classes will have very different returns over
time
IV. investors may prefer returns in different forms (eg. income or capital appreciation) - ANS I,
II, III, and IV
@2026/2027 ALLRIGHTS RESERVED.
