When a Financial Planner Designs a Formal Contract, Which of the Following

question 17

Multiple Choice

When a financial planner designs a formal contract, which of the following should not be included?

• A) A range of services to be performed
• B) Method of compensation
• C) The client's responsibility in the planning process
• D) The fact that the financial planner is not authorized to provide any legal advice
• E) All must be included

---

Definitions:

Random Variable

A variable whose values come from the numerical outcomes of random events.

Discrete

Referring to a type of variable that can assume distinct and separate values, often countable in nature.

Probability Function

A probability function is a mathematical function that provides the probabilities of occurrence of different possible outcomes for an experiment.