Sales Mastery test (set question 2) With A+ Grade Answers

he Motor Vehicle Dealer Board is authorized and empowered to: - ANSWER-d. all of the above Dealers may be administratively fined by the Dealer Board up to what amount foreach separate offense? - ANSWER-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 ? - 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 - ANSWER-A 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: - ANSWER-make a profit or gain selling to dealers and wholesalers