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NEW QUESTION: 1
Exhibit:
1 . class super (
2 . public int I = 0;
3 .
4 . public super (string text) (
5 . I = 1
6 .)
7 .)
8 .
9 . public class sub extends super (
1 0. public sub (string text) (
1 1. i= 2
1 2. )
1 3.
1 4. public static void main (straing args[]) (
1 5. sub sub = new sub ("Hello");
1 6. system.out. PrintIn(sub.i);
1 7.)
1 8. )
What is the result?
A. Compilation will fail.
B. Compilation will succeed and the program will print "0"
C. Compilation will succeed and the program will print "1"
D. Compilation will succeed and the program will print "2"
Answer: A
NEW QUESTION: 2
Which of the following is a characteristic of the Segregation of Duties (SOD) principle?
Note: There are 2 correct answers to this question.
A. Enforcing the SOD principle means that no single individual can carry out a critical task that could
prove to be corruptive to the company.
B. The SOD principle is a detective control.
C. Enforcing the SOD principle means that individuals are capable of performing the tasks for different
roles, rather than depending on just one individual.
D. The SOD principle is a preventive control.
Answer: A,D
NEW QUESTION: 3
Ms. Mix always assures her clients that she will be calling them with quarterly recommendations for rebalancing their portfolios if there are any changes that she feels are appropriate. This has worked out well for her pocketbook since she has always been able to tweak each of her clients' investment portfolios a little each quarter by recommending that they redeem their shares in one fund that hasn't performed as well in the last quarter and use the proceeds to invest in another that has. Her clients feel cared for since she is in such regular contact with them.
Is Ms. Mix violating any securities regulations with this policy of hers?
A. Yes. Any recommendation that benefits a registered representative is deemed to be in violation of FINRA's rules regarding fair dealing.
B. It depends. There is no violation as long as her clients' portfolios are increasing in value.
C. No. Ms. Mix is merely providing good service to her customers.
D. Yes. Mutual funds are not designed to be short-term investments.
Answer: D
Explanation:
Explanation/Reference:
Explanation: Yes. Mutual funds are not designed to be short-term investments, and Ms. Mix should not be calling her customers quarterly with rebalancing recommendations. Even if one fund has outperformed another in a particular quarter, there is no guarantee that this will happen in the next quarter. This violation falls under FINRA's rules regarding the trading of mutual fund shares, even if the trading results in an increase in the clients' portfolio values. Ms. Mix can certainly call her clients each quarter to see if they have any questions or concerns or to say hello; her clients will still feel cared for. It is not a violation for a registered representative to make a recommendation that benefits her as well as her clients as long as the recommendation is made to benefit the client first and foremost.