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Exam Code: 700-805

Exam Name: Cisco Renewals Manager

Version: V13.25

Q & A: 72 Questions and Answers

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NEW QUESTION: 1
This question will ask you to provide a missing option.
The following program is submitted to create a transport file for multiple data sets:

Which option will limit the files that are copied to type data?
A. intype=data
B. memtype=data
C. include=data
D. entrytype=data
Answer: B

NEW QUESTION: 2
Which document should you use to manage project deliverables?
A. project objectives
B. technical requirements
C. functional requirements
D. project scope statement
Answer: D

NEW QUESTION: 3
Ms. Mix always assures her clients that she will be calling them with quarterly recommendations for
rebalancing their portfolios if there are any changes that she feels are appropriate. This has worked out
well for her pocketbook since she has always been able to tweak each of her clients' investment portfolios
a little each quarter by recommending that they redeem their shares in one fund that hasn't performed as
well in the last quarter and use the proceeds to invest in another that has. Her clients feel cared for since
she is in such regular contact with them. Is Ms. Mix violating any securities regulations with this policy of
hers?
A. It depends. There is no violation as long as her clients' portfolios are increasing in value.
B. Yes. Mutual funds are not designed to be short-term investments.
C. No. Ms. Mix is merely providing good service to her customers.
D. Yes. Any recommendation that benefits a registered representative is deemed to be in violation of
FINRA's rules regarding fair dealing.
Answer: B
Explanation:
Yes. Mutual funds are not designed to be short-term investments, and Ms. Mix should not be
calling her customers quarterly with rebalancing recommendations. Even if one fund has outperformed
another in a particular quarter, there is no guarantee that this will happen in the next quarter. This violation
falls under FINRA's rules regarding the trading of mutual fund shares, even if the trading results in an
increase in the clients' portfolio values. Ms. Mix can certainly call her clients each quarter to see if they
have any questions or concerns or to say hello; her clients will still feel cared for. It is not a violation for a
registered representative to make a recommendation that benefits her as well as her clients as long as the
recommendation is made to benefit the client first and foremost.

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