I need help with this

1) Because Marcel and Maria are planning a 1-year mission trip to Africa, they decide to draft a power of attorney naming Maria's father as the person to take care of their financial arrangements while they are away. Maria's father will be known in the document as the:

attorney.

proxy.

director.

agent.

2) Why might Sheila seek the help of a financial advisor?

I.She lacks the time to manage her own investments.II.She lacks the knowledge to make informed decisions.III.She lacks the confidence to implement strategies.

II only.

III only.

I and III only.

I, II, and III.

3) Johnny would like to hire a financial advisor. A financial advisor Johnny is considering said that he would not charge for his advice but would charge a 4.50% commission on any mutual funds that Johnny purchased. The financial advisor that Johnny is considering is using what type of compensation model?

Commission.

Fee-only.

Fee-offset.

Fee-based.

4) Molly is interested in ensuring that the advice she receives is guided by the fiduciary standard. She has talked to two different financial advisors. One advisor is paid based on a set fee based on the amount of managed assets. The other financial advisor has not made it clear to Molly how he gets paid, but he has assured her that she will not have to pay anything for his services. Knowing nothing else about the advisors other than how they are compensated, which advisor is more likely to follow the fiduciary standard?

The second advisor because he follows a suitability approach.

The first advisor because she does not charge a commission.

The first advisor because she charges a commission.

Both advisors are following the fiduciary standard.

5) Consumers who are interested in minimizing conflicts of interest and avoid being ripped off should work with a financial advisor who:

I.fully discloses any and all fees.II.fully discloses any potential conflicts of interest.III.uses mutual funds over individual stocks.

I only.

III only.

I and II only.

I, II, and III.