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question 5 to 13 please. As many as can be answered for comparison purposes. thanks 4. Tue| | - 5. A colleague needs your financial

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question 5 to 13 please. As many as can be answered for comparison purposes. thanks

4. Tue| | - 5. A colleague needs your financial counsel so he could needs your financial counsel so he could put his money into an investment. Write down any FOUR questions you are likely to ask this colle UR questions you are likely to ask this colleague before he invests his money? 6. What would you look out for in a good, achievable financial plan? Give any TWO. 7. A Client has tasked you to prepare a financial plan for her. She requires to see the process you will use. Itemise the first FOUR of the processes. 8. Distinguish between the following pairs with respect to insurance business: a. Insurance and gambling b. Pure risk and speculative risk C. Insurable and uninsurable risk d. Liquidated and unliquidated damages 9. What THREE main decision-points will you expect to see in a financial strategy? 10. In terms of time horizon, briefly explain the types of financial planning. Your explanation should include the tenure and the emphasis. 11. Your Branch manager argues that since we are spending a lot on the repairs of our fixed assets, we shall not depreciate them'. He wants your opinion. 12. You received your company's bank statement from Fidelity Bank showing a balance of Ghc735,000 in your company's favour. But your office cash book shows that you were supposed to have Ghc1,500,000 at the bank. Identify any THREE factors that may have led to this difference. 13. Write down the six principles/laws of insurance and explain any one

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