Which of the Following Is Not a Factor That Is

question 22

Multiple Choice

Which of the following is not a factor that is intended to ensure that a financial planner and other financial service individuals will provide appropriate advice?

• A)Competency.
• B)Description.
• C)Due care.
• D)Compliance.
• E)Documentation.

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Definitions:

Nonadversarial Process

A method of resolving disputes without engaging in a confrontational or litigious manner.

Early Neutral Case Evaluation

A form of alternative dispute resolution in which a neutral third party evaluates the strengths and weaknesses of the disputing parties’ positions. The evaluator’s opinion forms the basis for negotiating a settlement.

Nonbinding Arbitration

An arbitration process where the decision or award cannot be legally enforced, and the parties are free to pursue further legal actions.

Binding Mediation

A dispute resolution process where the parties agree in advance to comply with the mediator's decision or recommendation.