A Financial Planner Gets a Reputation for Dishonesty and Loses

question 47

Short Answer

A financial planner gets a reputation for dishonesty and loses most of her clients. This is an example of the ???______________ regulating dishonesty.

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Definitions:

Sole Proprietorship

A business structure where a single individual owns, operates, and is responsible for all aspects of the business.

Limited Liability

A legal structure that limits the financial responsibility of an organization's owners or shareholders to their investment in the company.

Corporation

A legal entity separate from its owners, with rights and liabilities, and the ability to enter into contracts, sue, and be sued.

Raise Capital

The process of obtaining funds to finance projects, operations, or investments by businesses or individuals.