Sales mastery test (part 3) License/State of Colorado Motor Vehicle Dealer Board Mastery Examination/State of Colorado sales license test(pearls )/State of Colorado Sales License Test/COLORADO SALES TEST GUIDE/SIE Mastery Exam 2 Review Questions/Mastery e

The Motor Vehicle Dealer Board has among its members - Answer- Board is comprised of three (3) motor vehicle dealers, three (3) used motor vehicle dealers, and three (3) public members The Motor Vehicle Dealer Board is authorized and empowered to a. issue or deny buyer agent licenses b....

Three of the following types of motor vehicles are exempt from the truth in mileage act. - Answer- ~Vehicles 10 years old or older~Vehicles having a gross empty weight more than 10,000 lbs~Vehicles not self propelled (Trailers) The definition of a used motor vehicle dealer or used dealer includes...

On Sunday(s), dealers are prohibited from selling all of the following except? - Answer- ( C) Powersport Vehicles The licenses of a new or used dealer, wholesale auction dealer, or whole sales may be denied, suspended, revoked or fined for the following: - Answer- (D) All of the above Colorado...

Three of the following types of motor vehicles are exempt from the truth in mileage act. - Answer- ~Vehicles 10 years old or older~Vehicles having a gross empty weight more than 10,000 lbs~Vehicles not self propelled (Trailers) The definition of a used motor vehicle dealer or used dealer includes...

The holder of a put on a listed stock exercises. The holder must: - Answer- Deliver stock An investor writes 1 ABC Jan 45 Put @ $3. The contract subsequently is exercised. The writer is obligated to: - Answer- Buy stock at $45 per share If an equity put writer is exercised, the writer has the ...

Under IRS regulations, a gain or loss upon current disposition of an asset is first considered to be long term if the asset has been held for over: 6 months 1 year 2 years 5 years - Answer- 1 yr Under Rule 10b-5-1, pre-arranged trading plans by insiders are: - Answer- permitted only i...

In a corporate liquidation, the last to get paid is: A. Unpaid wages and taxes B. Bondholders C. Preferred stockholders D. Common stockholders - Answer- D. Common stockholders All of the following are types of oil and gas direct participation programs EXCEPT: A. Balanced B. Income C. ...

A customer buys 1 ABC Jul 40 Put at $6 when the market price of ABC is $38. The breakeven point is: - Answer- $34 long put= strike price - premium Which positions are profitable in rising markets? -I Long put spread -II Short put spread -III Short straddle -IV Short stock - Answer- Short...

Three of the following types of motor vehicles are exempt from the truth in mileage act. - Answer- ~Vehicles 10 years old or older ~Vehicles having a gross empty weight more than 10,000 lbs ~Vehicles not self propelled (Trailers) The definition of a used motor vehicle dealer or used dealer inc...

An open-end management company is a: A. Mutual fund B. Publicly traded fund C. Fixed unit investment trust D. Real estate investment trust - Answer- A. Mutual fund To impose the maximum sales charge, under FINRA rules, mutual funds must offer investors all...