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Automotive Sales Mastery License Colorado 2023-2024 Study Exam
Automotive Sales Mastery License 
Colorado Study Exam 
Which of the following is an example of a "new" motor vehicle? 
1. A farm tractor which ha snot been used 
2. A motor vehicle which has been used for less than 4 months by a prior owner 
3. A demonstration vehicle with 1300 miles 
4. A motor vehicle titles in the name of a private party - CORRECT ANSWERWhich of the following is true about Colorao's Lemon Law? - CORRECT ANSWERA salesperson can change dealerships during the licensing ye...
- Exam (elaborations)
- • 2 pages •
Automotive Sales Mastery License 
Colorado Study Exam 
Which of the following is an example of a "new" motor vehicle? 
1. A farm tractor which ha snot been used 
2. A motor vehicle which has been used for less than 4 months by a prior owner 
3. A demonstration vehicle with 1300 miles 
4. A motor vehicle titles in the name of a private party - CORRECT ANSWERWhich of the following is true about Colorao's Lemon Law? - CORRECT ANSWERA salesperson can change dealerships during the licensing ye...
Sales Mastery Exam 2 2023-2024
Sales Mastery Exam 
Which statements are TRUE about option contracts? 
I Calls go "out the money" when the market price rises above the strike price 
II Calls go "out the money" when the market price falls below the strike price 
III Puts go "out the money" when the market price rises above the strike price 
IV Puts go "out the money" when the market price falls below the strike price 
A 
I and III 
B 
I and IV 
C 
II and III 
D 
II and IV - CORRECT ANSWER-The best answer is C. 
An "ou...
- Exam (elaborations)
- • 28 pages •
Sales Mastery Exam 
Which statements are TRUE about option contracts? 
I Calls go "out the money" when the market price rises above the strike price 
II Calls go "out the money" when the market price falls below the strike price 
III Puts go "out the money" when the market price rises above the strike price 
IV Puts go "out the money" when the market price falls below the strike price 
A 
I and III 
B 
I and IV 
C 
II and III 
D 
II and IV - CORRECT ANSWER-The best answer is C. 
An "ou...
Car Sales Mastery Colorado Elaborated Questions and Answers 2023/2024
Car Sales Mastery Colorado Elaborated 
Questions and Answers 2023/2024 
The License of a motor vehicle salesperson or a power sports salesperson may be 
denied revoked, or suspended on any of the following grounds except: - CORRECT 
ANSWER-Advertising a salvage vehicle while identifying the vehicle as a salvage 
vehicle 
The advertise price of a motor vehicle must include: - CORRECT ANSWER-AnswerFinance Charge 
Advertisement of rate of finance charge. If an advertisement states a rate of fi...
- Package deal
- Exam (elaborations)
- • 29 pages •
Car Sales Mastery Colorado Elaborated 
Questions and Answers 2023/2024 
The License of a motor vehicle salesperson or a power sports salesperson may be 
denied revoked, or suspended on any of the following grounds except: - CORRECT 
ANSWER-Advertising a salvage vehicle while identifying the vehicle as a salvage 
vehicle 
The advertise price of a motor vehicle must include: - CORRECT ANSWER-AnswerFinance Charge 
Advertisement of rate of finance charge. If an advertisement states a rate of fi...
State Of Colorado Sales Mastery License Final Exam Test 2023/2024
State Of Colorado Sales Mastery License 
Final Exam Test 2023/2024 
On Sunday(s), dealers are prohibited from selling all of the following except? - 
CORRECT ANSWER-( C) Powersport Vehicles 
The licenses of a new or used dealer, wholesale auction dealer, or whole sales may be 
denied, suspended, revoked or fined for the following: - CORRECT ANSWER-(D) All of 
the above 
Colorado's Lemon Law covers: - CORRECT ANSWER-(C) defects that substantially 
impair market vale of a vehicle 
Local law en...
- Package deal
- Exam (elaborations)
- • 4 pages •
State Of Colorado Sales Mastery License 
Final Exam Test 2023/2024 
On Sunday(s), dealers are prohibited from selling all of the following except? - 
CORRECT ANSWER-( C) Powersport Vehicles 
The licenses of a new or used dealer, wholesale auction dealer, or whole sales may be 
denied, suspended, revoked or fined for the following: - CORRECT ANSWER-(D) All of 
the above 
Colorado's Lemon Law covers: - CORRECT ANSWER-(C) defects that substantially 
impair market vale of a vehicle 
Local law en...
Sales Mastery Exam Test With Actual And Verified Answers 2023/2024
Sales Mastery Exam Test With Actual 
And Verified Answers 2023/2024 
Three of the following types of motor vehicles are exempt from the truth in mileage act. - 
CORRECT ANSWER-~Vehicles 10 years old or older 
~Vehicles having a gross empty weight more than 10,000 lbs 
~Vehicles not self propelled (Trailers) 
The definition of a used motor vehicle dealer or used dealer includes which of the 
following? - CORRECT ANSWER-Any person who attempts to make profit lease or sale 
of a used vehicle 
T...
- Package deal
- Exam (elaborations)
- • 19 pages •
Sales Mastery Exam Test With Actual 
And Verified Answers 2023/2024 
Three of the following types of motor vehicles are exempt from the truth in mileage act. - 
CORRECT ANSWER-~Vehicles 10 years old or older 
~Vehicles having a gross empty weight more than 10,000 lbs 
~Vehicles not self propelled (Trailers) 
The definition of a used motor vehicle dealer or used dealer includes which of the 
following? - CORRECT ANSWER-Any person who attempts to make profit lease or sale 
of a used vehicle 
T...
Sales Mastery Exam Review 2023/2024(Questions And Answers)
Sales Mastery Exam Review 
2023/2024(Questions And Answers) 
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 ANSWERb) 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:...
- Package deal
- Exam (elaborations)
- • 11 pages •
Sales Mastery Exam Review 
2023/2024(Questions And Answers) 
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 ANSWERb) 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:...
Sales Mastery Exam With Verified Solutions 2023/2024
Sales Mastery Exam With Verified 
Solutions 2023/2024 
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:-CORREC...
- Package deal
- Exam (elaborations)
- • 5 pages •
Sales Mastery Exam With Verified 
Solutions 2023/2024 
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:-CORREC...
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