Question:QUESTION 6

Evelyn and Michael both age 30 with two children and reasonable incomes. They have engaged an attorney,Ms.SueYoo, to review their financial plan. The attorney finds that no insurance was included or recommendedfor the plan. What could have went wrong in the planning process?

A. The planner recommended insurance but did not state the fact in the recommendations.

B. Only24of the25items for analysis were collected

C. The planner gave the plan to the family without going over it

D. The planner did not take Finance 447

QUESTION 7

In today's world when attaining the CFP designation which of the following,if any,is requried

A. College degree

B. Industry experience

C. Working for a major broker dealer

D. Possessing a series7license

QUESTION 8

When implementing the financial plan,what makes the plan a success?

A. The plan was a solution to their problem

B. The plan was both qualitatively and quantitatively accurate

C. The plan addressed social needs

D. The plan addressed financial needs

QUESTION 9

Qualitative data includes which of the following?

A.Priorities of various objectives

B.Feeling toward society

C. Attitude towards life insurance

D. A and B

E. B and C

QUESTION 10

Assume that for his retirement an investor invests $2,000 per year for 35 years. If the investor can earn ten percent return, what will be the ending value?

A. $542,049

B. $19,288

C. $77,000

D. $596,254

E.None of the above

QUESTION 11

Of all the steps in the financial planning process,which2are the most important?

A. Establish relationship and implementing the plan

B. Implementing the plan and monitoring the plan

C. Gathering data and developing the plan

D. Establish relationship and developing the plan