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NEW QUESTION: 1
Which of the following is not prohibited of a general partner?
A. buying or selling assets of the partnership except to foster the business of the partnership
B. competing in any way with the partnership
C. accepting compensation from any other partnership
D. acting in such a way as to impede the orderly business of the partnership
Answer: C
Explanation:
accepting compensation from any other partnership. A general partner may be the partner is
more than one partnership.

NEW QUESTION: 2
A Security Officer on a military base needs to encrypt several smart phones that will be going into the field. Which of the following ports should they block on the firewall?
A. 0
B. 1
C. 2
D. 3
Answer: A

NEW QUESTION: 3
Ms. Pye has quit her job to become a full-time mother and wants to roll over the funds from her 401(k)
plan into an IRA. As her financial adviser, you should tell her that:
A. if she has the funds transferred directly from her 401(k) plan to the IRA, she will avoid having 20%
withheld.
B. this is unwise since she will have to pay both taxes and a penalty on the funds that are rolled over.
C. both B and C.
D. if she opts to take possession of the funds herself prior to depositing them in the IRA account, she must
make the deposit within 30 days to avoid a 10% penalty.
Answer: A
Explanation:
If Ms. Pye wants to rollover the funds from her 401(k) plan into an IRA, you should tell her
that if she has the funds transferred directly from her 401(k) plan to the IRA, she will avoid having 20%
withheld. She will not have to pay either taxes or a penalty on the funds that are rolled over if she follows
specified guidelines, and if she opts to take possession of the funds herself prior to depositing them in the
IRA account, she has 60 days in which to do so before a 10% penalty is assessed.