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NEW QUESTION: 1
Bootstraps, Inc. is a family-owned business that has experienced enormous growth in the last couple of
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notes, each with a face value of $5,000, for sale to the general public. The firm plans to hire three
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A. The notes must be registered with the state, but the individuals hired to sell them are not required to be
registered.
B. Neither the notes nor the individuals selling the notes need to be registered with the state.
C. The notes must be registered with the state, and the three individuals hired to sell the notes must be
registered as agents with the state.
D. Either the firm must register the notes with the state, or the individuals that are hired to sell the notes
must be registered as agents with the state, but not both.
Answer: C
Explanation:
If Bootstraps hires three individuals to sell promissory notes to the public, both the notes and
the three individuals hired to sell the notes must be registered with the state. The promissory notes are
securities and, therefore, are required to be registered with the state before they can be offered for sale.
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A. 0
B. 1
C. 2
D. 3
E. 4
F. 5
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C. Create three forms for all departments. Add all the fields. Add field-level security to fields not needed for each group.
D. Create one form for each department. Add only fields needed on the form for each department. Assign the appropriate security role to each form.
Answer: A
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