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NEW QUESTION: 1
Which of the following clients could not open a margin account?
A. a custodian under UGMA
B. an uncovered option writer
C. a husband and wife in a joint account
D. a corporation
Answer: A
Explanation:
Explanation/Reference:
Explanation: a custodian under UGMA. The Uniform Gifts to Minors Act requires securities registration in the name of the custodian for the benefit of the minor. A margin account does not qualify because such an account has all securities registered in street name.
NEW QUESTION: 2
Which is the first step of the Measurement process?
A. Determine the counting scope and application boundary
B. Measure transactional functions
C. Measure data functions
D. Gather the available documentation
Answer: D
NEW QUESTION: 3
An information security manager has researched several options for handling ongoing security concerns and will be presenting these solutions to business managers. Which of the following with BEST enable business managers to make an informed decision?
A. Risk analysis
B. Cost-benefit analysis
C. Business impact analysts (BIA)
D. Gap analysis
Answer: B
NEW QUESTION: 4
A customer is granted 100 free minutes at the beginning of each cycle. A rollover specifies the following:
- Up to 25 unused free minutes can be rolled over each cycle.
- Up to a maximum of 50 unused free minutes can be rolled over to accumulate.
- The maximum number of rollover cycles is three.
A new customer uses 40 minutes in January and 110 minutes in February. According to this scenario, how many minutes can the customer use for free in March?
A. 0
B. 1
C. 2
D. 3
E. 4
Answer: E