Martha Is 60 and Has a Very High Net Worth

question 100

Multiple Choice

Martha is 60 and has a very high net worth. Her most pressing financial concern is probably:

• A) asset acquisition planning.
• B) liability planning.
• C) estate planning.
• D) insurance planning.
• E) savings planning.

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Definitions:

Fraud

An intentional deception that causes harm to another.

Material Omission

The failure to disclose important information intentionally or unintentionally, which if known, could influence the decision-making of a party relying on the information.

Securities Transaction

The process of buying, selling, or trading securities, such as stocks or bonds, in financial markets.

Registration Statement

A set of documents, including a prospectus, filed with the Securities and Exchange Commission for a company intending to issue new securities to the public.