Liberty University BUSI352 Quiz 1 Complete Solutions Correct Answers Key

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Liberty UniversityBUSI352quiz 1Complete Solutions Correct Answers KeyQuestion 1 Which of the following are components of “passive listening"? 1: Listening in a normalsocial setting, such as a sermon. 2: Communication rests on one speaker. 3: The listener screensout some information. 4: The listener is thinking about what to say in response, which hamperslistening.Question 2 You are a relatively new financial planner. You have been working for an investmentfirm in the United States and have decided that you would like to add more credibility to yourpractice.Whichofthefollowingprofessionalcredentialswouldprovideyouwiththemostcredibility since it is the oldest and best known?Question 3 Which of the following are NOT heuristics or cognitive biases discussed in this chapterthat can lead to less than optimal decisions by a normal investor?Question 4 After meeting with your new client, Sid, you prepared his current financial statements.Which part of the financial planning process were you engaged in?Question 5 Which of the following are NOT components of “active listening?”Question 6 Which of the following statements are true? 1: There has been a movement in recenttimes for the financial industry to be more in touch with psychology and sociology due to theireffect and persuasiveness in financial matters. 2: There has been a movement in recent times forthe financial industry to focus on asset prices and ignore psychology and sociology issues. 3:Behavioral Finance has nothing to do with issues concerning psychology and sociology.Question7Whichof thefollowingis consideredto be a counseling paradigmorschool ofthought?Question 8 Steve Stein, a local CFP® practitioner, recently met with one of his new clients, Merrell.During the course of the meeting Steve did the following things. 1: Steve did not meet withMerrelluntil10minutesafterthescheduledstarttime.2:InordertoestablishMerrell’sconfidence in him, Steve told Merrell the names of several wellknown clients that currently dobusiness with him. 3: Steve asked Merrell several questions regarding Merrell’s family situation,hobbies, and activities. Which of these actions would be considered inappropriate?Question 9 Which of the following are important in nonverbal communication and behavior? 1:

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