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Exam Code: MD-101

Exam Name: Managing Modern Desktops

Version: V15.35

Q & A: 208 Questions and Answers

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NEW QUESTION: 1
Which is the equation used to derive a 64 Kbps bit rate?
A. 2 x 8 kHz x 4-bit code words
B. 2 x 4-bit code words x 8 kHz
C. 8 kHz x 8-bit code words
D. 2 x 4 kHz x 8-bit code words
Answer: D
Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION: 2
Mr. Donald is the owner and CEO of Just Ducky Broker-Dealers. His wife, Ms. Daisy, handles all the ministerial duties for the firm. The firm has three other employees. Huey is the municipal bond specialist and handles client trades in municipal securities only; Dewey handles only mutual fund sales for clients; Louie handles all aspects of client trading in stocks, corporate bonds, and options.
Which of the following statements regarding the minimum FINRA registration requirements for these individuals is true?
A. Mr. Donald, Ms. Daisy, Dewey and Louie must be registered as general securities representatives, and Huey must be registered as a limited securities representative under FINRA rules.
B. Under FINRA rules, Mr. Donald must register as a principal, Dewey must be registered as a limited securities representative, and Louie must be registered as a general securities representative. Daisy and Huey need not be registered.
C. Mr. Donald and Ms. Daisy must be registered as principals, and the other three must be registered as general securities representatives under FINRA rules.
D. Mr. Donald, Huey, Dewey and Louie must all be registered as general securities representative s in accordance with FINRA rules.
Answer: B
Explanation:
Explanation/Reference:
Explanation: The true statement regarding FINRA registration requirements for the individuals is that Mr.
Donald must register as a principal; Dewey must be registered as a limited securities representative; and Louie must be registered as a general securities representative. Daisy and Huey need not be registered.
Mr. Donald is actively involved in the management of Just Ducky and, as such, he must register as a principal. Dewey handles mutual fund sales and, at a minimum, must be licensed as a limited representative. Louie, who executes stock, bond, and option transactions, must be licensed as a general securities representative. Huey is exempt from registration requirements since he trades in municipal securities only. Daisy is exempt since she handles only the ministerial duties of the firm.

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