The type of decision maker that tends to choose the first available option in haste is an impulsive decision maker. It is because this is where the decision maker tends to act in a way that is based on their instinct and that they don’t consider other options because they act immediately without having to think about the decision that they are making.
Answer:
c. Individual
Explanation:
Debby in presenting her complaint before the authorities should categorise it under individual complaint because she was the only person not old about the major changes made by management.
She will also report the negative bias she is noticing. Negative bias is the tendency for people to pay more attention to negative occurrences than positive ones. So if she has noticed signs of negative bias it should against her person.
Answer:
The prize is worth $111,258.73.
Explanation:
Giving the following information:
Cf= $1,000 a month
Interest rate= 0.07/12= 0.005833
Number of months= 15*12= 180
First, we need to calculate the final value:
FV= {A*[(1+i)^n-1]}/i
A= cash flow
FV= {1,000*[(1.005833^180) - 1]} / 0.005833
FV= $316,951.28
Now, the present value:
PV= FV/(1+i)^n
PV= 316,951.28/(1.005833^180)
PV= $111,258.73
Answer: D. Before a product or strategy can be recommended, the registered representative must understand and be able protect the client against the product's inherent risks
Explanation:
There are some reviews with regards to FINRA suitability determinations whihc include:
• Reasonable Basis Suitability: This implies that after there has been a review of the returns, risks and costs of a product, the ones that has the best combination should be recommended.
Also, before a product can be recommended to a customer, the customer must be able to meet the financial commitment. The statement that "Before a product or strategy can be recommended, the registered representative must understand and be able protect the client against the product's inherent risks" is incorrect.
