Questions and Answers: 166
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NEW QUESTION: 1
When a client has purchased securities on margin, the broker-dealer
A. may use any securities that the client purchased on margin as collateral for a loan from a bank upon
receiving a written agreement signed by the client.
B. may require that the client leave all his securities, even those not purchased on margin, in street name.
C. must keep the securities that the client paid cash for separate from the securities that the client
purchased on margin.
D. Both B and C are correct statements.
Answer: D
Explanation:
A broker-dealer is required to keep any securities a client paid cash for separate from the
securities that the client purchased on margin, and upon receiving a written agreement signed by the
client-a hypothecation agreement-may use those securities that were purchased on margin as collateral
for a loan from a bank. The broker-dealer may not require that a client leave securities purchased through
cash transactions in street name.
NEW QUESTION: 2
An input to the Collect Requirements process is the:
A. requirements management plan.
B. stakeholder register.
C. project management plan.
D. project scope statement.
Answer: B
NEW QUESTION: 3
What does the system use to determine a source of supply?
A. Purchase requisitions
B. Request for quotation
C. Purchase contracts
D. Purchasing info records
Answer: A
NEW QUESTION: 4
A planner has a high priority work order which is going to consume an item with limited availability and wants to ensure that the item is dedicated to this work order. What type of reservation should the planner use?
A. HARD
B. APSOFT
C. BACKORDER
D. SOFT
Answer: A