Prepare a list of questions to ask a prospective financial planner you are considering
What will be an ideal response?
Answer:
1. How long have you been a financial planner?
2. What are your credentials and professional designations?
3. Do you actively participate in continuing education to keep up with the times?
4. How do you keep up with the latest financial changes?
5. Will you provide us with references?
6. Will you let me see a copy of a financial plan you created for someone else in similar circumstances?
7. Who will work with you on my plan? Will the work be done by a junior staffer or a computer program?
9. Are you paid through fees, commissions, or a combination? What are your fees and commissions, how often are you paid, and how will your fees and commissions be calculated?
10. Will you provide a written estimate of the services I expect and the cost of those services?
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Indicate whether the statement is true or false
A competitive business environment is now characterized by all of the following characteristics except:
A) unprecedented degrees of turbulence. B) dynamism. C) unpredictability. D) inadaptability. E) environmental responsiveness.
Which of the following is true about building and construction contracts?
A. The promisee who is dissatisfied with the mechanical fitness, utility, or marketability may reject the performance without liability, even if doing so is unreasonable. B. The building and construction contracts require the builder to give the owner an engineer's certificate for satisfactory performance after the owner has paid the builder for the project. C. The engineer's or architect's certificates, which are often issued at each stage of completion, indicate that the work is done to the satisfaction of the architect or engineer. D. The courts require the promisee to accept performance that would satisfy a reasonable person for contracts involving matters of personal taste and comfort.
Which of the following is NOT one of the ways in which a fraud investigation must be conducted?
a. Investigators should be experienced and objective professionals. b. Investigators should closely guard all hypotheses regarding guilt or innocence of individuals being investigated. c. Investigators should inform management of only the basics of the investigations in case they are involved. d. Investigators must be sure to follow appropriate investigative techniques.