Which of the Following Statement(s) Is (Are) Correct

question 68

Multiple Choice

Which of the following statement(s) is (are) correct?

• A)Fee-only planners sell financial products, such as stocks or insurance.
• B)Commission-only financial planners/brokers live solely on the commissions they receive on the financial products (such as investments or insurance) they sell to their clients.
• C)Fee-only financial planners may benefit from steering a client to a specific financial product.
• D)From the point of view of the client there is no difference between a fee-only planner and a commission-only planner.

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Definitions:

American Psychological Association

A professional organization representing psychologists in the United States, dedicated to advancing the science and profession of psychology.

Social-Cognitive Perspective

A viewpoint in psychology that emphasizes the importance of observational learning, self-efficacy, situational influences, and cognitive processes in understanding behavior.

John B. Watson

An American psychologist who established the psychological school of behaviorism, emphasizing the study of observable behavior and rejecting the notion of internal processes.

Reinforcement

The process in behavioral psychology that strengthens or encourages a behavior by providing a reward or positive outcome.