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NEW QUESTION: 1
According to ITIL@ v3 framework, which type of incident escalation is characterized by the seriousness of an incident that results in the notification of the appropriate managers who can take the appropriate action to commit additional resources or decide how the incident is to be resolved?
A. internal
B. external
C. hierarchic
D. functional
Answer: C
NEW QUESTION: 2
Your client, Mr. Whiff, knows nothing about investment companies, and you are educating him about the advantages of investing through one, rather than investing in individual stocks and bonds.
Which of the following statements could get you in trouble?
A. "Investing through an investment company will result in a lower tax bill than had you invested in individual stocks and bonds."
B. "In investing through an investment company you will be able to invest a small amount of money and achieve greater diversification than you could otherwise."
C. "An investment in an investment company gives you an undivided interest in the company, in proportion to the number of shares you own."
D. "By investing your money through an investment company, you are getting the benefit of professional management."
Answer: A
Explanation:
Explanation/Reference:
Explanation: The statement that could get you in trouble is, "Investing through an investment company will result in a lower tax bill than had you invested in individual stocks and bonds." Improved tax planning is not a benefit of investing through an investment company since the fund's manager cannot make investment decisions based on the tax status of each of the fund's shareholders. An investor who actively manages his own portfolio is better able to lower his tax bill.
NEW QUESTION: 3
A. Option B
B. Option D
C. Option C
D. Option A
Answer: C