Whose Responsibility Is It to Determine If a Client Can

question 47

Multiple Choice

Whose responsibility is it to determine if a client can pay for the securities they purchase?

• A) The floor broker who places the trade on the floor of the exchange.
• B) The dealer who acts as the seller in the trade.
• C) The broker in charge of churning.
• D) The stockbroker who opens the account for the client.

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Definitions:

Forecast Demand

The process of estimating the future demand for goods and services within a market, often used for strategic planning and resource allocation.

Human Resource Planning Process

A strategic approach to managing an organization's most valuable assets - its human capital - by aligning workforce requirements with business objectives.

Workforce Planning Activities

The process of assessing, predicting, and managing the needs of the workforce to achieve organizational goals.

Human Resource Audits

A comprehensive method of objectively and systematically evaluating the effectiveness of an organization's HR policies, procedures, and strategies.