Sales Mastery Exam 2024 with complete solutions (Questions 1, 2 & 3)

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Sales Mastery Exam 2024 with complete solutions (Questions 1, 2 & 3)-The license of a motor vehicle salesperson or power-sports salesperson may be denied,revoked or suspended on any of the following g... rounds except: - b) 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? - d) All of the above Colorado Lemon law covers: - c)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? - d) tax rate The motor vehicle dealer board is authorized and empowered to: - D)all of the above Local law enforcement officers must be notified within 1 hours before or after the repossession of a motor vehicle occurs: - A)1 hours All motor vehicle dealers and power-sports dealers must post a celar, legible sign on their principal place of business if: - B) they wull be open less than 40 hours a week A dealer may issue a temporary permits for each roadworthy vehicle sold - B) 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 - a)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 - d)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? - B)motor vehicles with out-of-state titles The motor vehicle dealer board does not have among its members - c)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 - $1,000 Three of the following are characteristics of an off-premise permit. . WHich one is not? - The 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? - B) 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 - A)True Dealers must either be self insured or have insurance for their vehicles - A)True In transite plates may be used on motor vehicles - D) 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 - Immediately 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 - Employing a properly licensed salesperson The only items that can be added to an advertised price are - C) 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: - D)using point of sale literature in advertising Which of the following is true about colorado's lemon law? - C) "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 ? - Delivering goods as promised A new or used motor vehicle dealer may legally do which of the following with a temporary permit? - Issue a permit for a demonstration drive by a consumer Re federal cash reporting rule requires dealers to file form 83000.... - 15 Days A new motor vehicle has three of the following chracterics. WHich one dosen't it have? - D) a title A dealer wholesaler or salesperons convicted of any felony or any crime.. Has how many days to report conviction? - A ) 30 Days Three of the followikng are require when a dealer is advertising a lease of a a motr vehicle or powersports vehicle with a payement amount which one is not required? - D) disclosing the cost of leasing versust the cost of purchasing [Show More]

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