Consistent with RG 168, When Documenting the SOA Financial Planners

question 2

Multiple Choice

Consistent with RG 168, when documenting the SOA financial planners should:

• A) use the language of the Corporations law.
• B) use plain English consistent with the language of the client.
• C) note that the central focus of the SOA should be the client and not the financial planner's range of technical skills.
• D) both b and c

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Definitions:

Taxes

Mandatory contributions to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.

Aggregate Demand Curve

A graph showing the relationship between the total quantity of goods and services demanded across all sectors of an economy and the overall price level.

Net Exports

The value of a country's total exports minus the value of its total imports; it is a component of a country's gross domestic product.

Investment

The expenditure on capital assets that may yield returns in the future, such as stocks, bonds, or physical property.