CIPS L6M7 Q&A - in .pdf

  • L6M7 pdf
  • Exam Code: L6M7
  • Exam Name: Commercial Data Management
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NEW QUESTION: 1
Examine the structure of the INVOICE table.
NameNull?Type
--------------------------------------------------
INV_NONOT NULLNUMBER(3)
INV_DATEDATE
INV_AMTNUMBER(10,2)
Which two SQL statements would execute successfully?
A. SELECT inv_no, NVL2(inv_amt, inv_date, 'Not Available')FROM invoice;
B. SELECT inv_no, NVL2(inv_date, 'Pending', 'Incomplete')FROM invoice;
C. SELECT inv_no, NVL2(inv_date, sysdate-inv_date, sysdate)FROM invoice;
D. SELECT inv_no, NVL2(inv_amt, inv_amt*.25, 'Not Available')FROM invoice;
Answer: B,C

NEW QUESTION: 2

A. 0
B. 1
C. 2
D. 3
Answer: C

NEW QUESTION: 3
Under which of the following scenarios can a client legitimately sue a purported professional in the securities industry and expect an award for damages?
I. The securities were sold by an agent whose registration was not yet effective with the state, but who had already applied for registration.
II. The security was a variable annuity, and the sales representative neglected to reveal the details of the surrender clause to the client.
III. The security was the stock of a company, the stock had recently been registered with the state for sale, had been granted registration, and the selling agent had told his client that the security had been state- approved for sale.
A. I, II, and III
B. I and III only
C. I only
D. II and III only
Answer: A
Explanation:
Explanation/Reference:
Explanation: All of the selections are scenarios describing instances in which a client can legitimately sue a purported professional in the securities industry and expect an award for damages. A client can legitimately sue a purported professional in the securities industry and expect an award for damages if the agent is not yet effectively registered to effect securities transactions in the state; if the professional has neglected-intentionally or otherwise-to inform the investor of all the relevant information involving the security, such as any surrender clause involved; or if the agent has indicated that a state-registered security has in any way been approved by the state.

NEW QUESTION: 4

A. Option B
B. Option A
Answer: B

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