CTFL-Foundation Practice Questions

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NEW QUESTION: 1
A dealer buys 100 shares of XYZ common, which is an actively traded stock, at 23.50. Three days later, when XYZ common is quoted at 19.50 - 19.75, he sells the 100 shares to a customer.
The basis for the dealer's markup is:
A. 5% above cost
B. 19 7/8
C. 10 5/8
D. 23 1/2
Answer: B
Explanation:
Explanation/Reference:
Explanation: 19 7/8. The markup is always based on the current market price, not upon cost. Therefore, the markup is based on the offering side of the current quotation.

NEW QUESTION: 2
Which of the following statements are true regarding the Expectancy theory?
A. Individuals are satisfied by unsatisfied needs, and that certain lower needs to be satisfied before higher needs can be satisfied.
B. Individuals are motivated by achievement, power and affiliation.
C. Hygiene factors help avoid job dissatisfaction but will not lead to job satisfaction.
D. Individuals will only put efforts into a certain behavior/ action dependent upon expectancy, valence, and instrumentality.
Answer: D

NEW QUESTION: 3
Which of the following typically focuses on making alternative processes and resources available for transaction processing?
A. Disaster recovery for networks
B. Cold-site facilities
C. Disaster recovery for systems
D. Diverse processing
Answer: C
Explanation:
Explanation/Reference:
Disaster recovery for systems typically focuses on making alternative processes and resources available for transaction processing.