Q:

Under the Telephone Consumer Act of 1991, a telemarketer must provide which of the following to a called prospect?
I. His/her name
II. Source from which the calling company obtained the called party’s phone number and name
III. Purpose of call
IV. Phone number and address of company making the solicitation call

a) II, III, IV
b) I, II, III, IV
c) I, III
d) I, III, IV

A:

The correct answer is d.
All the choices except II are specific requirements of the Act. In addition, the law places time-of-day restrictions on cold calling. Telemarketers must also be trained in using and updating the company’s “do not call” list.


MORE FAQS

  1. Which of the following are not types of open-end management investment companies ...

  2. Which of the following are tools that are employed by the Federal Reserve in its efforts to control the money supply?

  3. Which of the following statements is (are) true with respect to setting the proper constraints in managing ...

  4. Which of the following signatures are required on a client’s new account form ...

  5. Which statements about common shareholder rights are FALSE? I. A shareholder may exchange shares to ...

  6. Under the Uniform Securities Act, which of the following are defined as securities ...

  7. Which of the following statements is (are) true with respect to the factors that a manager must take ...

  8. If a sales representative moves from one broker-dealer to another ...

  9. A margin account has a long market value of $12,000, a debit balance of -$6,000 ...

  10. If a person's account is frozen, which of the following activities is allowed ...

  11. Which statement(s) is/are FALSE about market risk?

  12. Which of the following deliveries for a 600 share order, broker-dealer to broker-dealer ...

  13. What two components are used to calculate risk-adjusted return? I ...

  14. Which of the following statements is(are) true with respect to the factors that a manager must take ...

  15. Zero coupon bonds are frequently cited as a popular investment vehicle for education savings ...

  16. Which of the following are major differences between accumulation units and annuity units in the separate ...

  17. When a corporation wishes to open a margin account with a broker-dealer ...

  18. In the separate account of a variable annuity, which of the following characteristics apply to annuity ...

  19. Under a pegged exchange rate system which of the following measures can be undertaken by a home country ...

  20. Which of the following statements is (are) true with respect to price-earnings (P/E) multiples ...

RELATED FAQS

  1. Which of the following are not types of open-end management investment companies ...

    The correct answer is d) Hedge funds are extremely aggressive entities that engage in margin and short-selling.  They are ...
  2. Which of the following are tools that are employed by the Federal Reserve in its ...

    I. Moral suasionII. Changing the discount rateIII. Changing the reserve requirementIV. Changing the prime interest rate A. ...
  3. Which of the following statements is (are) true with respect to setting the proper ...

    The correct answer is: d) Choice II is incorrect because the longer the investment horizon, the less emphasis must be placed ...
  4. Which of the following signatures are required on a client’s new account form ... ...

    The correct answer is B. While local practices of a broker-dealer might require the client to sign the form, even when opening ...
  5. Which statements about common shareholder rights are FALSE? I. A shareholder may ...

    The correct answer is a. I should be the the other way around: convertible bond holders can exchange their bonds for shares. ...
  6. Under the Uniform Securities Act, which of the following are defined as securities ...

    The correct answer is a. Fixed annuities are not considered securities, since the purchaser bears no investment risk. However, ...
RELATED TERMS
  1. Telemarketing

    The act of marketing goods or services to potential customers ...
  2. Time-Of-Day Order

    An order to buy or sell an asset that is placed at a specific ...
  3. Cold Calling

    The solicitation of potential customers who were not anticipating ...
  4. Dialing and Smiling

    A telemarketing technique in which unsolicited, or "cold" calls, ...
  5. Basel III

    A comprehensive set of reform measures designed to improve the ...
  6. Conference Call

    An event during which investors can call in to hear a company's ...
Hot Definitions
  1. Labor Market

    The labor market refers to the supply and demand for labor, in which employees provide the supply and employers the demand. ...
  2. Demand Curve

    The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity ...
  3. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  4. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  5. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  6. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
Trading Center