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NEW QUESTION: 1
In which of the following situations may exemption from compliance with Regulation T be granted?
A. a broker/dealer who does not offer margin accounts
B. none of the above
C. a broker/dealer transacting less than 10% of its business through a member of a securities exchange
D. a broker/dealer conducts business only in registered securities
Answer: B
Explanation:
Explanation/Reference:
Explanation: none of the above. No broker/dealer is exempt. Reg T covers cash accounts as well as margin accounts.
NEW QUESTION: 2
The structure of an organization generally follows its overall strategy. At one end are loosely structured, organic organizations. At the other end are highly centralized, tightly controlled, mechanistic organizations. Consider the overall strategy of a company that is a pioneer in the combination of laser and robotic technologies. The company's scientists and engineers hold many patents. They are continually looking for ways to improve their products as well as to introduce new ones. Identify the most appropriate structural option for this organization.
A. Imitative.
B. Organic.
C. Mechanistic.
D. Bureaucratic.
Answer: B
Explanation:
Organizational structure depends on the company's overall strategy. This organization has adopted an innovation strategy. It introduces major new products or services. The structure that provides the flexibility required for major innovation is organic, a form of organization characterized by a loose structure, low division of labor, low formalization, and decentralization.
NEW QUESTION: 3
On December 2, 20X1, Flint Corp.'s board of directors voted to discontinue operations of its frozen food division and to sell the division's assets on the open market as soon as possible. The division reported net operating losses of $20,000 in December and $30,000 in January. On February 26, 20X2, sale of the division's assets resulted in a gain of $90,000. Assuming that the frozen foods division qualifies as a component of the business and ignoring income taxes, what amount of gain/loss from discontinued operations should Flint recognize in its income statement for 20X2?
A. $90,000
B. $0
C. $40,000
D. $60,000
Answer: D
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