Answer:
The remaining part of the question is:
Which statement is TRUE?
A. The registered representative needs no further licenses to sell managed accounts
B. The registered representative must pass either the Series 65 or Series 66 examination to sell managed accounts
C. The registered representative must post a surety bond prior to selling managed accounts
D. The registered representative is prohibited from selling managed accounts
<u>Correct Answer:</u>
B. The registered representative must pass either the Series 65 or Series 66 examination to sell managed accounts
.
Explanation:
Managed or wrap accounts are defined as "investment advisers" in most states. As such, the firm selling managed accounts must register as an investment adviser; and the individuals selling managed accounts for these firms must register as "investment adviser representatives" and pass either the Series 65 or Series 66 examination.
Answer:
B
Explanation:
Bid rotation is when contractors collude and take turns in winning a bid. Colluding contractors submit bids but take turns being the low bidder.
Bid-tailoring is when an employee in collusion with a contractor tailors bid specifications to give an unfair advantage to a certain contractor.
Complementary bids are bids intended only to give the appearance of a genuine bid. Colluding bidders submit higher priced or deliberately defective bids to in order to ensure the selection of the designated winner at inflated prices.
Phantom bids are fake bids
Both the satisfaction of creating new products and the possibility of earning money are INCENTIVES for an entrepreneur.
Adam Smith was the first who alluded to the concept of comparative advantage. This concept has later been elaborated by David Ricardo.
Answer:
the degree to which a job requires completion of an identifiable piece of work with a visible outcome.
Explanation:
According to the Job Characteristics Model by Hackman and Oldham (1980), jobs have 5 important characteristics
<h3>The characteristics include : </h3>
1. Task identity : It involves an employee carrying out a job function from the beginning to the end rather than in bits and pieces. It involves the the degree to which a job requires completion of an identifiable piece of work with a visible outcome. Job satisfaction is higher when an employee is about to complete the whole task and not just a part of the task.
2. Task significance : the degree to which a job done impact the lives of people. They can include individuals in the organisation or in the society
3. Autonomy : the degree to which a job provides independence and discretion to an individual in scheduling the work and determining the procedures to use.
4. Feedback : the degree to which an employee receives report on the work or functions carried out in the organisation
5. Skill variety : the degree to which a job entails a variety of different activities, requiring the use of different skills and talents
