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NEW QUESTION: 1
What is the purpose of the local route group?
A. allow manipulation of digits at the cost point to egress
B. help in the selection of the PSTN egress gateway
C. eliminate the need for a route list
D. minimize PSTN costs
Answer: B

NEW QUESTION: 2
You are in the process of identifying and documenting project risks. Which of the following statements are true?
A. You are in the Risk Management Planning process
B. The output of this project is the risk management plan
C. The input of this process include the project scope statement, risk management plan, and project management plan.
D. The tools/ techniques of this process include probability and impact matrix, risk data quality assessment, risk categorization, and risk urgency assessment
Answer: C

NEW QUESTION: 3
Which of the following scenarios does not meet the definition of "custody" under NASAA Model Rules?
A. An investment adviser has general power of attorney for a client and is authorized to withdraw client funds or securities that are on deposit with a registered broker-dealer upon the investment adviser's request.
B. An investment adviser receives a check from a client that is written to a mutual fund and forwards the check to the mutual fund within three business days of receipt.
C. An investment adviser is mistakenly sent a client's securities, but returns them to the sender within three business days of receipt.
D. An investment adviser keeps a client's securities in its safety deposit box.
Answer: C
Explanation:
Explanation/Reference:
Explanation: If an investment adviser is mistakenly sent a client's securities, but returns them to the sender within three business days of receipt, he is not deemed to have taken custody of the securities under NASAA Model Rules. Custody is defined by the NASAA as "holding directly or indirectly, client funds or securities, or having any authority to obtain possession of them." Therefore, an investment adviser who has general power of attorney to withdraw a client's funds or securities from a broker-dealer is acting as a custodian, as is an investment adviser who keeps a client's securities in its safety deposit box. If an investment adviser receives a check from a client that is written to a third party, such as a mutual, that check must be forwarded within 24 hours of receipt, or the investment adviser is deemed to be a custodian.