A Sales Representative from an Investment Company Is Trying to Convince

question 227

Multiple Choice

A sales representative from an investment company is trying to convince a young couple to invest in a mutual fund.He will probably be most successful if he:

• A)stresses that the fund has only lost money in 1 of the past 10 years
• B)mentions the names of other people in the neighborhood who have invested
• C)stresses that the fund has had solid returns in 9 of the past 10 years
• D)leaves a detailed prospectus and asks the couple to call him when they have decided

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Definitions:

Professional

An individual with specialized skills and knowledge who adheres to the standards and ethics of a particular profession.

Negligence Action

A legal claim brought against someone who fails to take reasonable care, resulting in harm or damage to another person.

Reasonable Person

A legal standard used to determine how an average person would responsibly act in certain circumstances for the purpose of establishing negligence.

Insurance Agents

Persons acting on behalf of an insurer to handle policies.