100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
DMV - Car Dealer License - Complete Test Guide 2024. $13.49   Add to cart

Class notes

DMV - Car Dealer License - Complete Test Guide 2024.

 7 views  0 purchase
  • Course
  • Dmv
  • Institution
  • Dmv

DMV - Car Dealer License - Complete Test Guide 2024.DMV - Car Dealer License - Complete Test Guide 2024.DMV - Car Dealer License - Complete Test Guide 2024.DMV - Car Dealer License - Complete Test Guide 2024.

Preview 4 out of 31  pages

  • August 31, 2024
  • 31
  • 2024/2025
  • Class notes
  • Unknown
  • All classes
  • Dmv
  • Dmv
avatar-seller
ClementeO
DMV



Car Dealer License




COMPLETE TEST GUIDE




©2024/2025

,1. Question: Which regulatory body is primarily responsible for
enforcing consumer protection laws related to car dealerships in
the United States?
- A. Federal Trade Commission (FTC)
- B. Department of Motor Vehicles (DMV)
- C. National Highway Traffic Safety Administration (NHTSA)
- D. Securities and Exchange Commission (SEC)


Correct Answer: A. Federal Trade Commission (FTC)
Rationale: The FTC enforces consumer protection laws
relevant to advertising and sales practices within car dealerships.


2. Question: What is the main purpose of the Truth in Lending
Act (TILA) in the automotive industry?
- A. To ensure fair lending practices
- B. To regulate the prices of vehicles
- C. To require dealerships to disclose safety features
- D. To mandate transparency in vehicle financing terms




©2024/2025

, Correct Answer: D. To mandate transparency in vehicle
financing terms
Rationale: TILA requires disclosures regarding interest rates
and terms to help consumers understand the cost of borrowing.


3. Question: The Clean Air Act affects car dealerships by
imposing regulations on which of the following?
- A. Vehicle financing options
- B. Emissions standards for vehicles sold
- C. Mechanic certifications
- D. Sales tax on vehicles


Correct Answer: B. Emissions standards for vehicles sold
Rationale: The Clean Air Act sets emissions standards to
control air pollution from vehicles.


### Sales and Marketing


4. Question: Which marketing strategy is the most effective for
car dealerships trying to reach environmentally conscious
consumers?
- A. Traditional TV advertising
- B. Social media campaigns focusing on electric vehicles
©2024/2025

, - C. Direct mail promotions
- D. Sponsoring local events


Correct Answer: B. Social media campaigns focusing on
electric vehicles
Rationale: Social media allows targeted outreach to specific
demographics, including environmentally conscious consumers.


5. Question: What is one of the key benefits of offering a vehicle
certification program at a dealership?
- A. It reduces warranty costs for the dealership.
- B. It builds consumer confidence in purchasing used vehicles.
- C. It allows the dealership to sell vehicles at higher prices
without added value.
- D. It increases the number of vehicle recalls.


Correct Answer: B. It builds consumer confidence in
purchasing used vehicles.
Rationale: Certification programs provide assurance to
customers regarding the quality and reliability of used vehicles.




©2024/2025

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ClementeO. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78252 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.49
  • (0)
  Add to cart