Which of the Following Statements Is Applicable to Financial Planners

question 25

Multiple Choice

Which of the following statements is applicable to financial planners?

• A)They may view themselves as assisting people in making their decisions.
• B)They may be extremely sensitive to people's needs with financial rules taking a backseat.
• C)They may view themselves as experts whose advice is correct and should be followed in all instances.
• D)All of the above statements may be applicable to financial planners,with the degree of applicability depending on personality.
• E)None of the above statements are applicable to financial planners.

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Definitions:

Net Worth

The total value of an individual's or entity's assets minus their liabilities.

Total Value

The aggregate worth of a good, service, product, or other item as perceived by its users.

Economic Income

An individual's total earnings, including wages, salaries, investments, and other sources, assessed for economic analysis.

Capital Gains

The profit earned from the sale of an asset or investment which has increased in value over the holding period.