Robo-Advisors

question 48

Multiple Choice

Robo-advisors

• A)Online investment services that require customers to have a large portfolio in order to use this service.
• B)Are online investment services that at this time are more expensive than human advisors.
• C)Are human financial advisors that help customers online.
• D)Complete online investment services that use algorithms to complete the tasks.
• E)Allow human financial advisors to be more cost effective with customers that have smaller accounts.

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Definitions:

Journal Entry

A journal entry is a record of a financial transaction in an accounting system, ensuring that debits and credits are recorded in the correct accounts.

Partnership Asset

Assets owned jointly by partners in a partnership, used in the operation of the partnership business.

Liquidation

The process of closing a business, selling its assets, and using the proceeds to pay creditors and shareholders.

Preliminary Distribution

An initial allocation or dispersion of assets or dividends before the final calculation or decision has been made.