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NEW QUESTION: 1
When a customer files a complaint with a broker-dealer,
I. the broker-dealer must submit the complaint to the firm's compliance department.
II. the broker-dealer must provide a prompt written response to the complainant.
III. the broker-dealer must temporarily suspend the activities of any agent named in the complaint.
A. I, II and III
B. II and III only
C. I and III only
D. I and II only
Answer: D
Explanation:
Only Selections I and II are true. When a customer files a complaint with a broker-dealer, the
broker-dealer is required to submit the complaint to the firm's compliance department, if any, and to
provide the complainant with a prompt written response. It is not necessary to suspend the activities of an
agent named in the complaint.
NEW QUESTION: 2
Which of the following services does not require a database connection as part of its configuration?
A. The Powercenter Integration Service.
B. The Powercenter Repository service.
C. The PowerCenter Designer Service.
D. The Reporting Service.
Answer: C
Explanation:
Reference:https://docs.oracle.com/cd/E35287_01/bia.7964/e35271/windows_ic.htm#BABCAJGA
NEW QUESTION: 3
A manufacturer receives an advance payment for special-order goods that are to be manufactured and delivered within the next year. The advance payment should be reported in the manufacturer's current-year balance sheet as a(n):
A. Accrued revenue.
B. Current liability
C. Contra asset amount.
D. Noncurrent liability
Answer: B
Explanation:
Recognition of an element of financial statement, income which includes revenue and gains) requires that two criteria be met. It must be probable that any future economic benefit associated with the item will flow to or from the enterprise, and the cost or value of the item must be measurable with reliability. The usual procedures for income recognition, e.g., that income be earned, reflect these criteria. Thus, income is recognized when an increase in future economic benefits is associated with an increase in an asset or a decrease in a liability. However, the enterprise has not substantially completed what it must do to be entitled to the benefits represented by the advance payment, and the receipt of future economic benefits is not sufficiently certain to merit income recognition.
Accordingly, a liability should be recognized because the entity has a current obligation arising from a past event that will require an outflow of economic benefits, that is, to deliver goods or to refund the customer's money. The delivery of good is to take place within a year of the balance-sheet date, therefore, the obligations is expected to be settled in the normal course of the operating cycle or is due to be settled within 12 months.
NEW QUESTION: 4
Which of the following parameters can you set in the schedule line category?(Choose three)
A. Delivery type
B. Availability check
C. Transfer of requirements
D. Shipping condition
E. Movement type
Answer: B,C,E