1. True or False? Quantitative information that is gathered in the data gathering process might include banking and investment information, tax information, financial statements and attitudes regarding risk tolerance and charitable funding. 2. True or False? External data might include interest rates, housing trends, and equity market outlook. 3. True or False? Once the implementation of the financial plan is completed, the engagement is over and there are no further steps. 4. True or False? The implementation phase is where change really occurs but may require the use of other professionals other than the financial planner. 5. True or False? One of the advantages of a professional financial planner is his or her expertise and objectivity. 6. True or False? Based on the data from the Bureau of Labor Statistics, there are more than 1 million financial planners. 7. True or False? An engagement letter is a quasi-legal agreement between a professional or professional organization and a client. 8. True or False? Most clients have a good understanding of the objective factors that affect the financial climate; and a planner's most important function is finding out what the client's subjective wishes are. 9. True or False? Personal risk management is a systematic process of identifying, evaluating, and managing pure risk exposures faced by an individual