Download Sales Mastery Exam: Questions and Answers for Motor Vehicle Dealers in Colorado and more Exams Marketing Business-to-business (B2B) in PDF only on Docsity!
SALES MASTERY EXAM | QUESTIONS &
ANSWERS (VERIFIED) | LATEST
UPDATE | GRADED A+
The license of a motor vehicle salesperson or power-sports salesperson may be denied,revoked or suspended on any of the following grounds except: Correct Answer: 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? Correct Answer: d) All of the above Colorado Lemon law covers: Correct Answer: 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? Correct Answer: d) tax rate The motor vehicle dealer board is authorized and empowered to: Correct Answer: 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: Correct Answer: A)1 hours All motor vehicle dealers and power-sports dealers must post a celar, legible sign on their principal place of business if: Correct Answer: B) they wull be open less than 40 hours a week A dealer may issue a temporary permits for each roadworthy vehicle sold Correct Answer: 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 Correct Answer: 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 Correct Answer: 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? Correct Answer: B)motor vehicles with out-of-state titles
In transite plates may be used on motor vehicles Correct Answer: 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 Correct Answer: 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 Correct Answer: Employing a properly licensed salesperson The only items that can be added to an advertised price are Correct Answer: 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: Correct Answer: D)using point of sale literature in advertising Which of the following is true about colorado's lemon law? Correct Answer: 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? Correct Answer: Delivering goods as promised A new or used motor vehicle dealer may legally do which of the following with a temporary permit? Correct Answer: Issue a permit for a demonstration drive by a consumer Re federal cash reporting rule requires dealers to file form 83000.... Correct Answer: 15 Days A new motor vehicle has three of the following chracterics. WHich one dosen't it have? Correct Answer: D) a title A dealer wholesaler or salesperons convicted of any felony or any crime.. Has how many days to report conviction? Correct Answer: 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? Correct Answer: D) disclosing the cost of leasing versust the cost of purchasing
A salesperson can change dealerships during the licensing year provided that the correct form and fee is submitted to the board such sales person may begin work as a motor vehicle salesperons or powersports salesperson while awaiting a new license from the board Correct Answer: B) False Which of the following is acceptable proof of ownership of a motor vehicle for a colorado dealer? Correct Answer: A vehicle subject to a lien on the tile Records of vehicles transfers abd idineter statenebts must be retanied for: Correct Answer: C) 5 years Motor vehicle dealers, powersport dealers, used motor vehicle dealers, used powersports dealers or wholesalers are not required to report to the dealer board Correct Answer: B) any change in the hours of operation of the business whenthe business continues full time (review) Which of the following would indicate a motor vehicle is used Correct Answer: A certificate of title has been issued A motor vehicle dealer is responsible for : Correct Answer: D) all of the above
An advertisement would include Correct Answer: D) all of the above The license of a new or used dealer, wholesale auction dealer, or wholesaler may be denied, suspended revoked or fined for the following Correct Answer: D) all of the above A buyer agent may Correct Answer: D) be retained or hired by a consumer to assist r, represent or act on behalf of such consumer in connection with the purchase or lease of Which of the following is a deceptive trade practice? Correct Answer: D) All of the above are deceptive trade practices Demonstration plates can be displayed on vehicles tat are used by the dealership for any commercial purpose Correct Answer: true A dealers advertising must contain the dealers licensed name and the words Correct Answer: C) dealer Which of the following does not fit the definition of a motor vehicle dealer
New and used motor vehicle dealers, powersports dealers, and wholesale auction dealers are required to have a surety bond Correct Answer: D) all of the above Motor vehicle and powersport salespeople are required to have a surety bond in the amount of : Correct Answer: 15k$ The buyers guide or "as is" sticker must be ( verify Correct Answer: Provided to a customer in another language than english ... In advertisement motor vehicle, a dealer or salesperson may Correct Answer: Make reference " dealer cost ;" or "invoice price: verify Which of the following teps are require to properly and legally reposses a mother vehicle Correct Answer: Effect a lien creatine g a security intert Which of the following motor vehicles may be sold on sundays?( verify) Correct Answer: C) Motor Homes ( verify)
