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NEW QUESTION: 1
Why is a Resource Plan required during the 'Create Customer Solution' Phase?
A. To initiate recruitment of Operations team.
B. To reserve resources from Resource Manager.
C. To reserve subcontractor resources.
D. In order to make a services cost calculation.
Answer: D
NEW QUESTION: 2
Which of the following are considered to be discretionary orders under the FINRA Rules of Fair Practice?
A. a customer instructs her registered representative to purchase stock in XYZ whenever the
representative deems the price to be right
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. both A and C
D. 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
Answer: C
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 C
B. Option B
C. Option D
D. Option A
Answer: D
