Sales /
Mastery test questions with correct answers
/ // // // // //
The /
/Motor /
/Vehicle /
/Dealer /
/Board /
/is /
/authorized /
/and /
/empowered /
/to: //- /
/correct //answer(s) //✔✔ //issue //or //deny //motor //vehicle //dealer //and //salesperson //licenses
he /
/Motor /
/Vehicle /
/Dealer /
/Board //is //authorized //and //empowered //to: //- //correct //answer(s) //✔✔ //d. //all //of //the //above
Dealers /
/may /
/be /
/administratively /
/fined /
/by /
/the /
/Dealer /
/Board /
/up /
/to /
/what /
,/amount /
/foreach /
/separate /
/offense? //- /
/correct //answer(s) //✔✔ //shall //not //exceed //ten //thousand //dollars //for //each //separate //offense
New /
/and /
/used /
/motor /
/vehicle /
/dealers, /
/wholesalers /
/and //wholesale //auction //dealers //arerequired //to //have //a //surety //bond //in //the //amount //of //? //-
//correct //answer(s) //✔✔ //$50,000 //for //Dealer/Wholesaler
Motor /
/vehicle /
/salespersons /
/are //required //to //have //a //surety //bond //in //the //amount //of? //- //correct //answer(s) //✔✔ //$15,000
Selling /
/___ /
/or /
/more /
/vehicles /
/or /
/offering /
/for /
/sale /
/more /
/than /
/___ /
/vehicles /
/at /
, /the /
/sameaddress /
/or /
/telephone /
/number /
/in /
/any /
/one //calendar //year, //shall //be //prima //facie //evidence //that //- //correct //answer(s) //✔✔ //A //person
//is //engaged //in //the //business //of //selling //motor //vehicles.
The /
/definition /
/of //
a/
/used /
/motor /
/vehicle /
/dealer /
/includes /
/which /
/of /
/the /
/following? //- /
/correct /
/answer(s) /
/✔✔ //"Used /
/motor /
/vehicle /
/dealer" /
/means /
/any //person //who, //for //commission //or //with //intent //to //make //a //profit //sells //used //cars.
Wholesalers /
/may: //- //correct //answer(s) //✔✔ //make //a //profit //or //gain //selling //to //dealers //and //wholesalers
Mastery test questions with correct answers
/ // // // // //
The /
/Motor /
/Vehicle /
/Dealer /
/Board /
/is /
/authorized /
/and /
/empowered /
/to: //- /
/correct //answer(s) //✔✔ //issue //or //deny //motor //vehicle //dealer //and //salesperson //licenses
he /
/Motor /
/Vehicle /
/Dealer /
/Board //is //authorized //and //empowered //to: //- //correct //answer(s) //✔✔ //d. //all //of //the //above
Dealers /
/may /
/be /
/administratively /
/fined /
/by /
/the /
/Dealer /
/Board /
/up /
/to /
/what /
,/amount /
/foreach /
/separate /
/offense? //- /
/correct //answer(s) //✔✔ //shall //not //exceed //ten //thousand //dollars //for //each //separate //offense
New /
/and /
/used /
/motor /
/vehicle /
/dealers, /
/wholesalers /
/and //wholesale //auction //dealers //arerequired //to //have //a //surety //bond //in //the //amount //of //? //-
//correct //answer(s) //✔✔ //$50,000 //for //Dealer/Wholesaler
Motor /
/vehicle /
/salespersons /
/are //required //to //have //a //surety //bond //in //the //amount //of? //- //correct //answer(s) //✔✔ //$15,000
Selling /
/___ /
/or /
/more /
/vehicles /
/or /
/offering /
/for /
/sale /
/more /
/than /
/___ /
/vehicles /
/at /
, /the /
/sameaddress /
/or /
/telephone /
/number /
/in /
/any /
/one //calendar //year, //shall //be //prima //facie //evidence //that //- //correct //answer(s) //✔✔ //A //person
//is //engaged //in //the //business //of //selling //motor //vehicles.
The /
/definition /
/of //
a/
/used /
/motor /
/vehicle /
/dealer /
/includes /
/which /
/of /
/the /
/following? //- /
/correct /
/answer(s) /
/✔✔ //"Used /
/motor /
/vehicle /
/dealer" /
/means /
/any //person //who, //for //commission //or //with //intent //to //make //a //profit //sells //used //cars.
Wholesalers /
/may: //- //correct //answer(s) //✔✔ //make //a //profit //or //gain //selling //to //dealers //and //wholesalers
