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:

Performance Gap

A discrepancy between the desired and actual state of affairs.

Performance Gap

The difference between actual performance and desired or expected performance, often identified as an area for improvement.

Significant Drop

A substantial decrease or decline in quantity, quality, or value within a specific context or period.