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5.) This was an agreement that resulted from the smaller states wanting equal representation and the larger states wanting representation based on population.

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Which of the following statements is a valid reason for chip manufacturers to carry minimal inventory?a. The potential physical and electronic damage to silicon chips if left unused for extended periods of time deters manufacturers from maintaining higher inventories.b. Chip manufacturers leverage the higher costs of chip-based products to their advantage by keeping supply low compared to demand.c. Rising transportation costs greatly increase the costs of manufacturing and make moving inventory between locations highly expensive.d. Chip manufacturers maintain low inventories to hedge the move of semiconductor technology away from silicon-based chips.e. Products with a significant chip-based component rapidly fall in value and can cause huge losses when overproduced.

16. You have supplied a summary prospectus for a mutual fund to a customer rather than the full prospectus. The customer would like to purchase the fund immediately. under what circumstances could you enter his order?A. Under no circumstances; the customer must receive a statutory prospectus and have time to read it before he may purchase shares.B. You may enter the order only if he is able to download a statutory prospectus or have one mailed within 3 business days of the purchase.C. The summary prospectus is equivalent to a statutory prospectus, so the customer needs no further material regarding this order.B. You may enter his order, but the underwriter may not levy a sales charge.

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