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Certified Professional Accountant Manager (CPAM) (CPAM-001)

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NEW QUESTION: 1
Matt is a registered representative with Fine, Howard, Fine and Associates. Tom, an old fraternity brother, is one of his clients. Business has been bad, and Matt is going to have difficulties making this month's mortgage payment. Tom was commiserating with him when the two hooked up to have a couple of beers together and offered to lend Matt some money to see him through the rough times. Based on these facts:
A. Matt must refuse Tom's offer since Tom is one of his clients.
B. Matt can accept the offer without having to obtain pre-approval from his employer since he and Tom are former fraternity brothers and their friendship pre-dates their agent/client relationship.
C. Matt can accept Tom's offer, but only after obtaining pre-approval from Fine, Howard, Fine.
D. Matt can accept the offer as long as Tom will not need to sell any investments to lend Matt the money.
This would constitute a conflict of interest.
Answer: C
Explanation:
Explanation/Reference:
Explanation: Since Tom and Matt are old fraternity brothers, Matt may accept Tom's offer, but only after obtaining pre-approval from Fine, Howard, Fine. FINRA's Rule 3240 allows for borrowing and lending between a registered representative and a client if "the lending arrangement is based on a personal relationship with the customer, such that the loan would not have been solicited, offered, or given had the customer and the associated person not maintained a relationship outside of the broker/customer relationship."

NEW QUESTION: 2
Masters communicate configuration information with locals using which tunnel type?
A. GRE
B. PPTP
C. IP in IP
D. Provision Tunnel Protocol
E. IPSec
Answer: E

NEW QUESTION: 3
A network administrator enters this command on an HP ProVision switch with IP routing enabled:
ip route 0.0.0.0/0 10.1.1.1 metric 10 distance 10
This is the only IP route to 0.0.0.0/0 on the switch. What is the effect?
A. The switch uses this route for all traffic unless the traffic matches a route with a lower administrative distance than 10.
B. The switch uses this route to route all traffic from 10.1.1.1.
C. The switch uses this route for all traffic unless the traffic matches a route with a lower cost than 10.
D. The switch uses this route for all traffic that does not match a specific route in its routing table.
Answer: B


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