1) Which of the following statements or statement is most accurate?

A.Inside data is more important than outside data

B.Quantitative is more important that qualitative data

C.A checklist is used more often than not to collect qualitative data

D.A and C

E.B and C

2) Mr. Hall wants to receive $45,000 at the end of each year in todays dollars for the next 15 years. He is concerned about inflation and wants you to determine the lump sum he would need if the annual rate of inflation averages four percent and he could earn nine percent on his investment.

A.$407,085

B.$495,967

C.$473,216

D.$462,689

3) When collecting data from a client,what is the most difficult part of this process?

A.obtaining all the data on your checklist

B.obtaining accurate data

C.obtaining timely data

D.obtaining qualitative data

4) The term Obamacare was originally used by opponents of President Obamas health care reform agenda. What is Obamacare?.

A.Health Insurance Portability and AccountabilityAct or HIPAA

B.The Affordable Care Act

C.Free medical coverage for everyone

D.Self Insurance for the less than wealthy people who enter the country illegally

5) In which stage of the ecc life cycle would a client typically have high debt?

A.Accumulation stage

B.Consolidation stage

C.Spending stage

D.Gifting stage

E.Back Stage