Welp, I thought I had it in the bag but the questions were so convoluted and I swear it asked everything I didn’t study! Perhaps it was a death draw, but I know I did forget some things, which led to having a low scoring in Section 4. Any recommendations on what to hone in on? At least I’m close and hopefully it’ll happen next month! One thing they brought up twice that I haven’t seen directly was “venture capital” funds. What is that specifically? Is that a fancy word for small businesses testing the market?
I’m sorry to hear that - it looks like you were right on the edge and the cards fell the wrong way. Here are some of the most relevant sections to review:
Function 4: Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes and Confirms Transactions - biggest topics:
We’ve only heard about venture capital funds showing up a couple of times in the past year, so we think this is an experimental question. VC funds are basically just hedge funds or private equity companies that invest in non-public startup companies. They raise capital from larger investment funds and buy equity in startup companies, hoping to sell it in a few years at a huge profit. In what context did you see them mentioned?