both B and C. Choice A is the opposite of a discretionary account. Both B and C are standard procedures for a discretionary account.

10 days. The customer has 10 days to deliver before the broker will buy in the account.

net tangible asset value per share. Book value is much easier to say.

the 11-bond index. This index is the highest quality index and thus reflects the lowest average yield.

$5,000,000. This is the maximum under Regulation A.

it is somewhat below the standard minimum. The standard minimum current ratio for a manufacturing company is 2 to 1. The current ratio for this company is 1.92 (9,400,000 divided by 4,900,000).

American Depository Receipts. American Depository Receipts are used to facilitate transfer of ownership in foreign securities. They are not money market instruments.

permission granted to the general partner to act outside the partnership agreement. The limited partners may approve of the general partner pursuing an act that is contrary to the partnership agreement.

a holding company dealing in mineral leaseholds. The other choices are the three classifications of investment companies under the 1940 act.

all of the above. A transaction that is simultaneous and thus riskless calls for a smaller than usual markup under FINRA guidelines.