Reference no: EM132930608

Problem 1: The concept of "setting" in a financial planning practice encompasses the dimensions of

a. Office environment

b. Scope of services agreed between the client and the planner.

c. Nature of the decisions and issues

d. The scope of financial planning done prior to meeting with the financial planner.

Problem 2: One of the advantages of a comprehensive plan is that it

a. Gets it all out of the way at the same time.

b. Is a more cost effective approach to financial planning

c. Allows the planner the opportunity to integrate and prioritize the recommendations.

d. Allows the client to achieve all of their goals more quickly.

Problem 3: A client's children would most likely be considered

a. Primary stakeholders

b. Secondary stakeholders

c. Beneficiaries

d. Insurable interests