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MASTERY EXAM 1 questions and answers correct
MASTERY EXAM 1 questions and answers correct 
 
 
1.An open-end management company is a: 
 A. 
mutual fund 
b. 
publicly traded fund 
C. 
fixed unit investment trust 
D. 
real estate investment trust - A. 
mutual fund 
2.To impose the maximum sales charge, under FINRA rules, mutual funds must offer investors all of the following benefits EXCEPT: 
 A. 
Breakpoints 
B. 
Plan Completion Insurance 
C. 
Rights of Accumulation 
D. 
Letter of Intent - B. 
3.Plan Completion Insurance 
A clos...
- Package deal
- Exam (elaborations)
- • 55 pages •
MASTERY EXAM 1 questions and answers correct 
 
 
1.An open-end management company is a: 
 A. 
mutual fund 
b. 
publicly traded fund 
C. 
fixed unit investment trust 
D. 
real estate investment trust - A. 
mutual fund 
2.To impose the maximum sales charge, under FINRA rules, mutual funds must offer investors all of the following benefits EXCEPT: 
 A. 
Breakpoints 
B. 
Plan Completion Insurance 
C. 
Rights of Accumulation 
D. 
Letter of Intent - B. 
3.Plan Completion Insurance 
A clos...
MASTERY EXAM #1 questions and answers
MASTERY EXAM #1 questions and answers 
 
 
In a corporate liquidation, the last to get paid is: 
 
A. Unpaid wages and taxes 
B. Bondholders 
C. Preferred stockholders 
D. Common stockholders - D. Common stockholders 
All of the following are types of oil and gas direct participation programs EXCEPT: 
 
A. Balanced 
B. Income 
C. Exploratory 
D. Developmental - A. Balanced 
The term "publicly traded fund" is the common name for a(n): 
 
A. open end management company 
B. closed end m...
- Package deal
- Exam (elaborations)
- • 46 pages •
MASTERY EXAM #1 questions and answers 
 
 
In a corporate liquidation, the last to get paid is: 
 
A. Unpaid wages and taxes 
B. Bondholders 
C. Preferred stockholders 
D. Common stockholders - D. Common stockholders 
All of the following are types of oil and gas direct participation programs EXCEPT: 
 
A. Balanced 
B. Income 
C. Exploratory 
D. Developmental - A. Balanced 
The term "publicly traded fund" is the common name for a(n): 
 
A. open end management company 
B. closed end m...
mastery exam 2 questions and answers graded A+
mastery exam 2 questions and answers graded A+ 
 
 
A customer buys 1 ABC Jul 40 Put at $6 when the market price of ABC is $38. The breakeven point is: - $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 - Short put spread 
 
Short put spreads, like simply selling a put, are profitable if the market rises. Long put spreads, like simply buying a put, are profitable if t...
- Package deal
- Exam (elaborations)
- • 11 pages •
mastery exam 2 questions and answers graded A+ 
 
 
A customer buys 1 ABC Jul 40 Put at $6 when the market price of ABC is $38. The breakeven point is: - $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 - Short put spread 
 
Short put spreads, like simply selling a put, are profitable if the market rises. Long put spreads, like simply buying a put, are profitable if t...
Car Sales Test Colorado questions and answers
Car Sales Test Colorado questions and answers 
 
 
The License of a motor vehicle salesperson or a power sports salesperson may be denied revoked, or suspended on any of the following grounds except: - Advertising a salvage vehicle while identifying the vehicle as a salvage vehicle 
The advertise price of a motor vehicle must include: - Answer- Finance Charge 
 
Advertisement of rate of finance charge. If an advertisement states a rate of finance charge, it 
shall state the rate as an "an...
- Package deal
- Exam (elaborations)
- • 26 pages •
Car Sales Test Colorado questions and answers 
 
 
The License of a motor vehicle salesperson or a power sports salesperson may be denied revoked, or suspended on any of the following grounds except: - Advertising a salvage vehicle while identifying the vehicle as a salvage vehicle 
The advertise price of a motor vehicle must include: - Answer- Finance Charge 
 
Advertisement of rate of finance charge. If an advertisement states a rate of finance charge, it 
shall state the rate as an "an...
2023 wellcare - Mastery Test questions and answers
2023 wellcare - Mastery Test questions and answers 
 
 
During an appointment, you may not discuss any products not agreed to in advance by the beneficiary. 
a. True 
b. False - True 
When a paper SOA form is used, it must be completed __________ hosting the sales presentation. 
a. Prior to 
b. During 
c. After - A. Prior to 
Brokers/Agents can submit a support ticket online through their Centene Workbench portal. 
Select one: 
True 
False - True 
Wellcare does not need to be inform...
- Package deal
- Exam (elaborations)
- • 8 pages •
2023 wellcare - Mastery Test questions and answers 
 
 
During an appointment, you may not discuss any products not agreed to in advance by the beneficiary. 
a. True 
b. False - True 
When a paper SOA form is used, it must be completed __________ hosting the sales presentation. 
a. Prior to 
b. During 
c. After - A. Prior to 
Brokers/Agents can submit a support ticket online through their Centene Workbench portal. 
Select one: 
True 
False - True 
Wellcare does not need to be inform...
State of Colorado Motor Vehicle Dealer Board Mastery Examination questions and answers
State of Colorado Motor Vehicle Dealer Board Mastery Examination questions and answers 
 
 
The Motor Vehicle Dealer Board has among its members - 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. issue or deny manufacturer representative licenses 
c. issue or deny motor vehicle dealer and salesperson license...
- Package deal
- Exam (elaborations)
- • 16 pages •
State of Colorado Motor Vehicle Dealer Board Mastery Examination questions and answers 
 
 
The Motor Vehicle Dealer Board has among its members - 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. issue or deny manufacturer representative licenses 
c. issue or deny motor vehicle dealer and salesperson license...
State of Colorado Motor Vehicle Dealer Board Mastery Examination questions and answers
State of Colorado Motor Vehicle Dealer Board Mastery Examination questions and answers 
 
 
The Motor Vehicle Dealer Board has among its members - 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. issue or deny manufacturer representative licenses 
c. issue or deny motor vehicle dealer and salesperson license...
- Package deal
- Exam (elaborations)
- • 16 pages •
State of Colorado Motor Vehicle Dealer Board Mastery Examination questions and answers 
 
 
The Motor Vehicle Dealer Board has among its members - 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. issue or deny manufacturer representative licenses 
c. issue or deny motor vehicle dealer and salesperson license...
COLORADO SALES TEST GUIDE exam questions and answers
COLORADO SALES TEST GUIDE exam questions and answers 
 
 
Three of the following types of motor vehicles are exempt from the truth in mileage act. - ~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 which of the following? - a person who attempts to negotiate a sale or lease of a used motor vehicle or powersports vehicle with the intent to ...
- Package deal
- Exam (elaborations)
- • 10 pages •
COLORADO SALES TEST GUIDE exam questions and answers 
 
 
Three of the following types of motor vehicles are exempt from the truth in mileage act. - ~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 which of the following? - a person who attempts to negotiate a sale or lease of a used motor vehicle or powersports vehicle with the intent to ...
Mastery Exam questions and answers correct 100%
Mastery Exam questions and answers correct 100% 
 
The license of a motor vehicle salesperson or power-sports salesperson may be denied, revoked or suspended on any of the following grounds except: - b) advertising a salvaged vehicle while identifying the vehicle as a salvage vehicle 
According to colorado law, which of the following must be licensed as a motor vehicle dealer and or powersports dealer? - d) All of the above 
Colorado Lemon law covers: - c)defects that substantially i...
- Package deal
- Exam (elaborations)
- • 7 pages •
Mastery Exam questions and answers correct 100% 
 
The license of a motor vehicle salesperson or power-sports salesperson may be denied, revoked or suspended on any of the following grounds except: - b) advertising a salvaged vehicle while identifying the vehicle as a salvage vehicle 
According to colorado law, which of the following must be licensed as a motor vehicle dealer and or powersports dealer? - d) All of the above 
Colorado Lemon law covers: - c)defects that substantially i...
2023 Wellcare ACT Mastery Exam study guide verified 100%
guide verified 100% 
 
 
True - Centene requires all contracted brokers/agents to read, understand, and agree to Centene's Business Ethics and Code of Conduct Policy. 
 
True 
False 
d. 
All of the above - Which of the following actions are you required to do when contacted regarding an allegation of noncompliant activity? 
 
a. 
Speak with the investigator as quickly as possible. 
b. 
Answer all questions honestly and completely. 
c. 
Offer information and documents important to the inve...
- Package deal
- Exam (elaborations)
- • 6 pages •
guide verified 100% 
 
 
True - Centene requires all contracted brokers/agents to read, understand, and agree to Centene's Business Ethics and Code of Conduct Policy. 
 
True 
False 
d. 
All of the above - Which of the following actions are you required to do when contacted regarding an allegation of noncompliant activity? 
 
a. 
Speak with the investigator as quickly as possible. 
b. 
Answer all questions honestly and completely. 
c. 
Offer information and documents important to the inve...