Which of the Following Scenarios Is False Regarding the Applicability

question 4

Multiple Choice

Which of the following scenarios is false regarding the applicability of the SSPFPS No.1:

• A)Only when a member represents to clients that the member provides PFP services.
• B)When a member engages in activities that require registration as an investment adviser under federal or state law.
• C)When a member includes the CPA/PFS designation on their website.
• D)When a member sells a product as a result of an engagement.

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Definitions:

Rounded

The process of adjusting numbers to a specified degree of precision, often used to simplify data or match a required format.

Quotient

The outcome achieved when one amount is divided by another.

Rounded

This term refers to adjusting a number to its nearest integer or specified decimal place for simplicity or convenience.

Mean

The average value in a set of numbers, calculated by adding all the numbers together and dividing by the count of the numbers.