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  • Exam Code: L3M3
  • Exam Name: Contract Administration
  • Version: V15.35     Q & A: 208 Questions and Answers

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NEW QUESTION: 1
Which of the following persons is not subject to the fingerprinting requirements of the Securities Exchange
Act of 1934?
I. a registered transfer agent of a securities exchange
II. a firm that engages only in the sale of mutual fund shares
III. a receptionist at a brokerage firm who answers phones and directs calls to the agents employed by the
firm
IV. a market maker in the over-the-counter market
A. I and III only
B. II, III, and IV only
C. III only
D. II and III only
Answer: D
Explanation:
Only Selections II and III are not subject to the fingerprinting requirements of the Securities
Exchange Act of 1934. Firms that engage only in the sale of open-end investment company (mutual fund)
shares, as described in Selection II, are exempt; and employees who do not engage in the sale of
securities or activities involving any aspect of the securities or monies of a non-exempt firm are exempt,
which is the case for the receptionist at the brokerage firm described in Selection III.

NEW QUESTION: 2
A nonfunctional requirement _____________.
A. specifies how the system should behave
B. specifies what the system should do
C. is a detail that happens to be true but has not been tested or verified
D. is an attribute that can prevent a project from being completed
Answer: A
Explanation:
A functional requirement states something the system should do (for example, the system should process transactions). A nonfunctional requirement states how the system should behave (for example, the system should update its performance metrics every 5 seconds). An assumption is a detail that happens to be true but has not been tested or verified is an assumption, and a risk is an attribute that can prevent ta project from being completed.

NEW QUESTION: 3
What is a threat to the end user regarding web scripting?
A. The web script may deliver malware without the user's knowledge.
B. Client-side scripting may not be permitted due to security policy.
C. The user may be denied access to the web site.
D. The web script provides dynamic content to the user's browser.
Answer: A

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