Sales Mastery Exam (set of questions 1)
Questions and Answers
The license of a motor vehicle salesperson or power-sports salesperson may be denied,
revoked or suspended on any of the following grounds except: - answerb) advertising a
salvaged vehicle while identifying the vehicle as a salvage vehicle
According to Colorado law, which of the following must be licensed as a motor vehicle
dealer and or powersports dealer? - answerd) All of the above
Colorado Lemon law covers: - answerc)defects that substantially impair the market
value of a vehicle
Three of the following are required to be disclosed in an advertisement when a dealer is
advertisement a closed end credit sale of a mother vehicle or powersports...except? -
answerd) tax rate
The motor vehicle dealer board is authorized and empowered to: - answerD)all of the
above
Local law enforcement officers must be notified within 1 hours before or after the
repossession of a motor vehicle occurs: - answerA)1 hours
All motor vehicle dealers and power-sports dealers must post a celar, legible sign on
their principal place of business if: - answerB) they wull be open less than 40 hours a
week
A dealer may issue a temporary permits for each roadworthy vehicle sold - answerB)
false (verify)
The motor vehicle dealer board may be decide how large a fine to impose on a dealer
who sells primarily vehicles that weigh 1,500 pounds or moreso long as it does not
exeed 5k - answera)True (verify)
The colorado consumer protection act declares bait and switch advertising to be
deceptive trade practice. Bait and switch advertising includes which of the following -
answerd)all of the above
Three of the following types of motor vehicles are exempt from the truth in mileage act.
Which one is not exempt? - answerB)motor vehicles with out-of-state titles
, The motor vehicle dealer board does not have among its members - answerc)three
employees from the enforcement division
What is the highest fine per offense that the motor vehicle dealer board or an
administrative law judge may impose on a dealer , who sells primarily vehicles that wigh
less than 1,500 pounds - answer$1,000
Three of the following are characteristics of an off-premise permit. . WHich one is not? -
answerThe permit cannot exceed six days except for the national western stock show,
the colorado state fair, greely stampede
Which of the following is a true statement regarding dealers and buyers? - answerB) a
dealer shall clearly indicate on the costumer contract when a vehicle sold "as is" and
withou a guarantee
When advertising a specific number of motor vehicles that same number of vehicles
must have been invoiced to the dealer - answerA)True
Dealers must either be self insured or have insurance for their vehicles - answerA)True
In transite plates may be used on motor vehicles - answerD) consigned to wholesale
auction dealers for transport from point of purchase to point of storage
When a salesperson leaves a dealer, that dealer must do all of the following except -
answerImmediately employ a new salesperson, licensed or not
The license of a new or used dealer, wholesale auction dealer or wholesaler may be
denied suspended, revoked or fined for all of the following grounds except -
answerEmploying a properly licensed salesperson
The only items that can be added to an advertised price are - answerC) Dealer handling
and preparation charges
The license of a motor vehicle salesperson or a powersports salesperson may be
denied,revoked, or suspended on any of the followin grounds except: - answerD)using
point of sale literature in advertising
Which of the following is true about colorado's lemon law? - answerC) "a reasonable
number of attempts" to repair applied when the moter vehicle has been out of service
for repairs a cumulative toal of 30 or more business days during the warranty term or 1
year from date of delivery
Three of the following are deceptive trade practices. Which of the following is not ? -
answerDelivering goods as promised
Questions and Answers
The license of a motor vehicle salesperson or power-sports salesperson may be denied,
revoked or suspended on any of the following grounds except: - answerb) advertising a
salvaged vehicle while identifying the vehicle as a salvage vehicle
According to Colorado law, which of the following must be licensed as a motor vehicle
dealer and or powersports dealer? - answerd) All of the above
Colorado Lemon law covers: - answerc)defects that substantially impair the market
value of a vehicle
Three of the following are required to be disclosed in an advertisement when a dealer is
advertisement a closed end credit sale of a mother vehicle or powersports...except? -
answerd) tax rate
The motor vehicle dealer board is authorized and empowered to: - answerD)all of the
above
Local law enforcement officers must be notified within 1 hours before or after the
repossession of a motor vehicle occurs: - answerA)1 hours
All motor vehicle dealers and power-sports dealers must post a celar, legible sign on
their principal place of business if: - answerB) they wull be open less than 40 hours a
week
A dealer may issue a temporary permits for each roadworthy vehicle sold - answerB)
false (verify)
The motor vehicle dealer board may be decide how large a fine to impose on a dealer
who sells primarily vehicles that weigh 1,500 pounds or moreso long as it does not
exeed 5k - answera)True (verify)
The colorado consumer protection act declares bait and switch advertising to be
deceptive trade practice. Bait and switch advertising includes which of the following -
answerd)all of the above
Three of the following types of motor vehicles are exempt from the truth in mileage act.
Which one is not exempt? - answerB)motor vehicles with out-of-state titles
, The motor vehicle dealer board does not have among its members - answerc)three
employees from the enforcement division
What is the highest fine per offense that the motor vehicle dealer board or an
administrative law judge may impose on a dealer , who sells primarily vehicles that wigh
less than 1,500 pounds - answer$1,000
Three of the following are characteristics of an off-premise permit. . WHich one is not? -
answerThe permit cannot exceed six days except for the national western stock show,
the colorado state fair, greely stampede
Which of the following is a true statement regarding dealers and buyers? - answerB) a
dealer shall clearly indicate on the costumer contract when a vehicle sold "as is" and
withou a guarantee
When advertising a specific number of motor vehicles that same number of vehicles
must have been invoiced to the dealer - answerA)True
Dealers must either be self insured or have insurance for their vehicles - answerA)True
In transite plates may be used on motor vehicles - answerD) consigned to wholesale
auction dealers for transport from point of purchase to point of storage
When a salesperson leaves a dealer, that dealer must do all of the following except -
answerImmediately employ a new salesperson, licensed or not
The license of a new or used dealer, wholesale auction dealer or wholesaler may be
denied suspended, revoked or fined for all of the following grounds except -
answerEmploying a properly licensed salesperson
The only items that can be added to an advertised price are - answerC) Dealer handling
and preparation charges
The license of a motor vehicle salesperson or a powersports salesperson may be
denied,revoked, or suspended on any of the followin grounds except: - answerD)using
point of sale literature in advertising
Which of the following is true about colorado's lemon law? - answerC) "a reasonable
number of attempts" to repair applied when the moter vehicle has been out of service
for repairs a cumulative toal of 30 or more business days during the warranty term or 1
year from date of delivery
Three of the following are deceptive trade practices. Which of the following is not ? -
answerDelivering goods as promised
