Bsc Knowledge Check Week 3

An engaging illustration depicting various business entities and compliance topics, with colorful icons representing Sole Proprietorship, Partnerships, and Notary Services.

BSC Knowledge Check: Week 3

Welcome to the BSC Knowledge Check for Week 3! This quiz will test your understanding of essential concepts related to business structure and account management.

Key Features:

  • 7 engaging questions
  • A mix of multiple choice and open-ended questions
  • Instant feedback on your answers
7 Questions2 MinutesCreated by EngagingExpert321
ICE BREAKER: Hot tempered and sometimes it blows its top, making a mess of everything. WHAT IS IT?
IN SVP a Minor CAN be listed on the account as an owner with or without control?
True
False
In addition to Sole Proprietorship all other entities can have a named Beneficiary listed on their accounts?
True
False
Customers comes in wanting to open an account. They sell Hemp and CBD Products. Banker should automatically decline account opening?
True
False
When there is a Sole Proprietorship owned by a married couple with 50/50 ownership and one of the owners passed away you still will need to place a hold on the account because of the entity type.
True
False
Check all that apply: Banker ask for guidance about acceptable document types for a Notary you would:
Review them yourself
You can refer them to BDR
Refer them to Regional Services Consultant
Refer the banker to their Banker Notary Resources or contacts located in Branch Portal
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