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NEW QUESTION: 1
For each of the following statements, select Yes if the statement is true. Otherwise, select No.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
NEW QUESTION: 2
Joe Treader is the owner of a small, state-registered investment advisory firm that is on the verge of becoming insolvent. One of his clients who has become like a mother to him is aware of his financial difficulties and has offered to sell off some of the assets that he manages for her and loan him the money to get him through this period of economic uncertainty until he is able to get on his feet again.
Can Joe take her up on her offer?
A. Yes, but only if Joe draws up a formal loan agreement with a fair interest rate, based on the going market rates, stated in the agreement as well as a firm date for principal repayment.
B. Yes. Based on the facts presented, it is an unsolicited offer and, as such, Joe can (and should) accept it.
C. No. As the client's investment adviser, he has a fiduciary relationship with the client. Entering a loan agreement with this client could lead to conflicts of interest.
D. Both A and B are true.
Answer: C
Explanation:
Explanation/Reference:
Explanation: No, Joe cannot take his client's offer of a loan because it could lead to a conflict of interest--if not today, perhaps in the future--and as a fiduciary Joe will be expected to put this client's welfare ahead of his own. If it takes him a lot longer than expected to get on his feet again, he may be tempted to act in his own best interest.
NEW QUESTION: 3
Which slider in the Unsharp Mask dialog box controls the width of the "halo" that appears at contrasting edges?
A. Threshold.
B. Amount.
C. Radius.
D. You can't control the halo width.
Answer: C