C_ACT_2403 Certification

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NEW QUESTION: 1
The discretionary powers over a clients' accounts differ between broker-dealers and investment advisers
in that
A. A broker-dealer can execute a discretionary transaction for a client upon receiving only verbal authority
initially, followed up by written authority to be received within 10 days of the order, whereas an investment
adviser must require that written authority for the transaction is provided before the transaction even takes
place.
B. A broker-dealer can execute a discretionary transaction for a client upon receiving only verbal authority
initially, followed up by written authority to be received within 10 days of the order, whereas an investment
adviser must require that written authority for the transaction is in the mail before proceeding with the
transaction.
C. An investment adviser can execute a discretionary transaction for a client upon receiving only verbal
authority initially, followed up by written authority to be received within 10 days of the order, whereas a
broker-dealer must require that written authority for the transaction is in the mail before proceeding with
the transaction.
D. An investment adviser can execute a discretionary transaction for a client upon receiving only verbal
authority initially, followed up by written authority to be received within 10 days of the order, whereas a
broker-dealer must require that written authority for the transaction is provided before the transaction
even takes place.
Answer: D
Explanation:
The discretionary powers of a broker-dealer and an investment banker differ in that an
investment adviser is allowed to execute a discretionary transaction for a client upon receiving verbal
authority only, as along as it is followed up with a written authorization within 10 days, whereas a
broker-dealer is prohibited from executing a discretionary transaction unless it has already received
written authority for that transaction.

NEW QUESTION: 2
Which workflow categories are included with the vRealize plug-in?
A. vCenter and Datastore
B. General, and Host and Clusters
C. ViPR and vCenter
D. General and vCenter
Answer: D

NEW QUESTION: 3

A. Option C
B. Option B
C. Option D
D. Option A
Answer: C

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