Which of the Following Best Describes the CFP Board's Definition

question 12

Multiple Choice

Which of the following best describes the CFP Board's definition of financial planning?

• A) Financial planning is a one-time activity that involves recommending products to clients.
• B) Financial planning is an integrative process in which the planner helps the client achieve their goals.
• C) In order for an engagement to be considered financial planning, it must include all core subject areas i.e., cash and debt management, risk management, funding education, investments, income tax, retirement planning and estate planning).

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Definitions:

Supplemental Coolant Heater

An auxiliary heater used in vehicles to aid in heating the engine coolant, providing faster warm-ups in cold weather.

Diesel Fuel

A type of liquid fuel used in diesel engines, formulated from the distillation of petroleum.

Electronically Controlled

Refers to systems or components regulated or operated through electronic signals and sensors rather than manual or mechanical means.

J1939 Data Bus

The physical neural network of a CAN 2.0 network bus using J1939 protocols consisting of a twisted two-wire pair, SA stubs, and two terminating resistors. Used as the primary powertrain bus even in systems using multiple auxiliary buses. Theoretically capable of speeds of up to 1 Mb/s but usually maxed out at 500 Kb/s in current applications.