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NEW QUESTION: 1
Why is a Resource Plan required during the 'Create Customer Solution' Phase?
A. In order to make a services cost calculation.
B. To reserve subcontractor resources.
C. To reserve resources from Resource Manager.
D. To initiate recruitment of Operations team.
Answer: A
NEW QUESTION: 2
Which of the following are considered to be discretionary orders under the FINRA Rules of Fair Practice?
A. both A and C
B. a customer gives a member firm a check for $25,000 and instructs the firm to purchase bank stocks
and insurance company stocks when the prices appear to be favorable
C. a customer instructs her registered representative to sell 300 shares of ABC that is long in her account
whenever the representative thinks the time and price are appropriate
D. a customer instructs her registered representative to purchase stock in XYZ whenever the
representative deems the price to be right
Answer: A
Explanation:
both A and C. Choice A is discretionary because the customer did not specify a quantity to
purchase. Choice B only provides discretion about timing and thus is not discretionary. Choice C is clearly
discretionary.
NEW QUESTION: 3
A. Option B
B. Option C
C. Option D
D. Option A
Answer: D
