SALES MASTERY TEST (SET QUESTION
2) QUESTIONS WITH COMPLETE
SOLUTIONS.
, The Motor Vehicle Dealer Board is authorized and empowered to: - ANSWERissue or
deny motor vehicle dealer and salesperson licenses
he Motor Vehicle Dealer Board is authorized and empowered to: - ANSWERd. all of the
above
Since 1985, the Federal Trade Commission's Used Car Rule has required that
dealersprominently and conspicuously display the __________________ on every used
car orlight truck offered for sale. This is also known as the "as is" sticker. -
ANSWERBuyers Guide
three of the following are required when a dealer is advertising a lease of a motorvehicle
with a payment amount. Which one is not required? - ANSWERdisclosing the cost of
leasing versus the cost of purchasing.
Dealers may be administratively fined by the Dealer Board up to what amount foreach
separate offense? - ANSWERshall 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 ? - ANSWER$50,000 for
Dealer/Wholesaler
Motor vehicle salespersons are required to have a surety bond in the amount of? -
ANSWER$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 - ANSWERA person is engaged in the business of selling motor vehicles.
The definition of a used motor vehicle dealer includes which of the following? -
ANSWER"Used motor vehicle dealer" means any person who, for commission or with
intent to make a profit sells used cars.
Wholesalers may: - ANSWERmake a profit or gain selling to dealers and wholesalers
Three of the following are characteristics of an off-premise permit. Which one isnot? -
ANSWERthe permit could be used for a permanent second location
All motor vehicle dealers and used motor vehicle dealers must be open - ANSWERa. a
minimum of 12 hours per week Hours of operation posted and opened at least 3 days
per week for a continuous four hours per day between 8 AM and 9 PM.
2) QUESTIONS WITH COMPLETE
SOLUTIONS.
, The Motor Vehicle Dealer Board is authorized and empowered to: - ANSWERissue or
deny motor vehicle dealer and salesperson licenses
he Motor Vehicle Dealer Board is authorized and empowered to: - ANSWERd. all of the
above
Since 1985, the Federal Trade Commission's Used Car Rule has required that
dealersprominently and conspicuously display the __________________ on every used
car orlight truck offered for sale. This is also known as the "as is" sticker. -
ANSWERBuyers Guide
three of the following are required when a dealer is advertising a lease of a motorvehicle
with a payment amount. Which one is not required? - ANSWERdisclosing the cost of
leasing versus the cost of purchasing.
Dealers may be administratively fined by the Dealer Board up to what amount foreach
separate offense? - ANSWERshall 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 ? - ANSWER$50,000 for
Dealer/Wholesaler
Motor vehicle salespersons are required to have a surety bond in the amount of? -
ANSWER$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 - ANSWERA person is engaged in the business of selling motor vehicles.
The definition of a used motor vehicle dealer includes which of the following? -
ANSWER"Used motor vehicle dealer" means any person who, for commission or with
intent to make a profit sells used cars.
Wholesalers may: - ANSWERmake a profit or gain selling to dealers and wholesalers
Three of the following are characteristics of an off-premise permit. Which one isnot? -
ANSWERthe permit could be used for a permanent second location
All motor vehicle dealers and used motor vehicle dealers must be open - ANSWERa. a
minimum of 12 hours per week Hours of operation posted and opened at least 3 days
per week for a continuous four hours per day between 8 AM and 9 PM.
