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NEW QUESTION: 1
The standard EWM document type for posting Changes is which of the following? Choose the correct answer(s).
A. TWPR
B. IDN
C. ODR
D. IDR
E. OD
Answer: A
NEW QUESTION: 2
Which is an important principle of communication in service operation?
A. Meetings are always the best method of communication
B. Information should always be communicated
C. It has an intended purpose or a resultant action
D. It is stored in the configuration management system
Answer: C
NEW QUESTION: 3
An organisation undertakes a planned strategy and it is currently at the stage of completing a strategic analysis.
It has defined what it is seeking to achieve, identified the strengths and weaknesses of the company and has undertaken a corporate appraisal.
What stage of its strategic analysis has the organisation failed to carry out?
A. Identification of functional policies
B. An external analysis of the business's environment
C. Making strategic choices
D. Identification of strategic options
Answer: B
NEW QUESTION: 4
The discretionary powers over a clients' accounts differ between broker-dealers and investment advisers
in that
A. An investment adviser can execute a discretionary transaction for a client upon receiving only verbal
authority initially, followed up by written authority to be received within 10 days of the order, whereas a
broker-dealer must require that written authority for the transaction is provided before the transaction
even takes place.
B. A broker-dealer can execute a discretionary transaction for a client upon receiving only verbal authority
initially, followed up by written authority to be received within 10 days of the order, whereas an investment
adviser must require that written authority for the transaction is in the mail before proceeding with the
transaction.
C. An investment adviser can execute a discretionary transaction for a client upon receiving only verbal
authority initially, followed up by written authority to be received within 10 days of the order, whereas a
broker-dealer must require that written authority for the transaction is in the mail before proceeding with
the transaction.
D. A broker-dealer can execute a discretionary transaction for a client upon receiving only verbal authority
initially, followed up by written authority to be received within 10 days of the order, whereas an investment
adviser must require that written authority for the transaction is provided before the transaction even takes
place.
Answer: A
Explanation:
The discretionary powers of a broker-dealer and an investment banker differ in that an
investment adviser is allowed to execute a discretionary transaction for a client upon receiving verbal
authority only, as along as it is followed up with a written authorization within 10 days, whereas a
broker-dealer is prohibited from executing a discretionary transaction unless it has already received
written authority for that transaction.
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