Which of the following would NOT represent a split interest technique for charitable giving? Select one: a. Charitable remainder Uni-trusts b. Pooled Income Funds c. Charitable Income Trusts d. Private Foundations e. Charitable Gift Annuities

Sydney is a CFP professional and recently met with a prospective client, Karen. Karen is the owner of a chain of retail hardware stores throughout the southeast. Karen was referred to Sydney through a mutual friend. Karen is considering rolling out a new 401(k) plan to her employees and has asked Sydney to review her current plan and make a recommendation on improving the plan. Which of the following is required to be provided to Karen according to the Code of Ethics? Select one: a. Sydney cannot accept the engagement without gathering comprehensive client data on Karen and the company. b. Recommending and implementing a retirement plan for a company does not meet the definition of financial planning, however an accurate and "plain English" description of the compensation arrangement being provided, must be disclosed in writing. c. No written disclosures are required. d. Recommending and implementing a retirement plan for a company meets the definition of financial planning and requires certain written disclosures.

During the "Recovery Phase" of an economic cycle, the following activities in the economy would likely occur: . . . (1) Rising production costs due in part to rising unit labor costs . . . (2) Prices fall on declining demand . . . (3) Wages and interest rates lag behind costs . . . (4) Inventory is reduced in order to meet high demand . . . (5) Business expenditures for inventory increase Select one: a. (1), (2), and (3) b. (2), (3) and (4) c. (2) and (5) d. (3) and (5) only e. (3), (4) and (5)

For the CFP practitioner, the following statement(s) is/are true regarding the financial planning process: . . . (1) Only planners practicing the comprehensive view of planning meet the official definition of "financial planner". . . . (2) In some cases, the planner may be able to save the client money by performing professional tasks that had previously been assigned to the professionals, such as the client's banker, accountant and attorney. . . . (3) A Certified Financial Planning Practitioner has legal as well as ethical responsibilities to his/her planning clients. . . . (4) The Certified Financial Planning Practitioner is considered to have a fiduciary relationship with his/her clients. . . . (5) The planning process is finite; therefore a specific beginning point (the engagement) and an end (the delivery of the plan document) must always be established in every planning relationship. Select one: a. (3) and (4) only b. All 5 of the offered statements are true. c. (2) and (3) only d. (1), (3) and (5) e. (1) and (5) only