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NEW QUESTION: 1
Which step in the router boot process searches for an IOS image to load into the router?
A. POST
B. bootstrap
C. mini-IOS
D. ROMMON mode
Answer: B
NEW QUESTION: 2
Which of the following does not describe a prohibited practice for broker-dealers under the NASAA Model Rules?
I. SecureMoney Broker-Dealers has received a request from a client who wants SecureMoney to "identify a few solid firms in the Asian market and invest up to $20,000 in them." SecureMoney executes the purchases and receives the requisite signed discretionary authorization from the client before the settlement date.
II. CanDo Broker-Dealers executes a margin transaction for a client, promptly receiving a signed, written margin agreement from the client after the transaction takes place.
III. GetErDone Broker-Dealers receives a call from a client who wants to purchase some securities on margin. GetErDone has the client come into the office to sign a properly executed margin agreement prior to effecting the transaction.
A. II and III only
B. I and III only
C. None of the selections are prohibited practices.
D. III only
Answer: A
Explanation:
Explanation/Reference:
Explanation: Neither Selection II nor Selection III describes a prohibited practice for broker-dealers under the NASAA Model Rules. Broker-dealers are permitted to execute margin transactions for clients as long as they receive a signed, written margin agreement promptly after the initial margin transaction takes place. The agreement need not be signed beforehand. Discretionary authorizations do need to be signed before the broker-dealer executes any discretionary transactions for a client, so Selection I describes a prohibited practice.
NEW QUESTION: 3
TP makes wedding cakes that are sold to specialist retail outlets which decorate the cakes according to the customers' specific requirements. The standard cost per unit of its most popular cake is as follows:
The general market prices at the time of purchase for Ingredient A and Ingredient B were $23 per kg and $20 per kg respectively. TP operates a JIT purchasing system for ingredients and a JIT production system; therefore, there was no inventory during the period.
What was the material yield variance?
A. The material yield variance was $175 500 A
B. The material yield variance was $175 000 A
C. The material yield variance was $155 000 A
D. The material yield variance was $98 500 A
E. The material yield variance was $155 500 A
Answer: B
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AZ-305 Exam Info
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