CRT-261 Practice Questions

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NEW QUESTION: 1
Erin is a registered agent who works for SecureMoney Brokers-dealers. One of her clients, Mrs. McTurk,
is a recently-widowed woman who relies on Erin for advice about her investment portfolio. Mrs. McTurk
reminds Erin of her own grandmother, and she is happy to provide guidance within the sphere of her own
knowledge. Based on these facts, which of the following statements is true?
A. SecureMoney Broker-dealers must register as an investment adviser since one of its employees is
providing investment advice.
B. SecureMoney Broker-dealers must register as an investment adviser since one of its employees is
providing investment advice, and Erin must register as an investment adviser representative as the firm's
employee.
C. Neither SecureMoney Broker-dealers nor Erin must register as an investment adviser based on the
facts provided.
D. Erin must register as an investment adviser since she is providing investment advice.
Answer: C
Explanation:
Neither SecureMoney Broker-dealers nor Erin must register as an investment adviser based
on the facts provided since neither the broker-dealer nor Erin is receiving any compensation for the advice
Erin is giving Mrs. McTurk. In this instance, the advice provided is considered incidental to the
broker-dealer business.

NEW QUESTION: 2
Your customer wants to use badge readers as a time collection device. You have added your device supplier to the lookup as BADGE_READERS_INC.
While adding the supplier device events to the lookup, which two lookup codes should you use for your Badge In and Badge Out events?
A. IN_BADGE_READERS_INC
B. OUT_BADGE_BEADERS_INC
C. BADGE_READERS_INC_IN_OR_OUT
D. BADGE _READERS_INC_IN
E. BADGE_READERS_INC_OUT
Answer: E

NEW QUESTION: 3
Based on the chart, while completing the project, a team member tells you that the team forgot something during planning. Activity F needs the results of activity E before it can begin. Taking this new dependency into account, what would be the effect on the project?
A. There would be no effect.
B. It would increase the critical path.
C. Communication would be more complex.
D. It would delay activity F.
Answer: C