A Mutual Funds Representative Is Delivering a Sales Presentation to a Husband

question 41

True/False

A mutual funds representative is delivering a sales presentation to a husband and wife. He directs his conversation primarily to the husband, while the wife watches the presentation. By focusing the presentation heavily on the husband, we can assume the salesperson perceives this to be a syncratic purchasing decision.

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Definitions:

Book Value

Book value is the net value of a company's assets as recorded on its financial statements, minus any liabilities.

Fair Value

An estimated market value of an asset or liability, based on the current market price or valuations under similar circumstances.

Purchased Patent

An asset representing the right to exclusively use, make, sell, or distribute an invention or discovery, acquired through purchase rather than original creation.

Legal Life

The duration for which an asset is legally permitted to be used or the period a legal agreement is effective.