11/8/24, 3:16 PM
AAMS Module Quizzes (1-10) WITH COMPLETE
SOLUTIONS GRADED A+.
Practice questions for this set
Learn 1 /7 Study with Learn
This can be done long-hand, using the following steps:$5,000 + $8,000 + $10,000 =
$23,000 total value of the portfolio([$5,000/$23,000] x 1.1) + ([$8,000/$23,000] x 0.7) +
([$10,000/$23,000] x 1.5) = 1.13478 = 1.13
Choose matching term
1 Tenancy in common is a form of property ownership that
2 Can certain levels of inflation be ignored when calculating retirement income needs?
Gary Stevens would like to know the weighted beta coefficient for his portfolio. He owns 100 shares
of ACE common stock with a beta of 1.1 and total current market value of $5,000; 400 shares of BDF
3 common stock with a beta of .70 and total current market value of $8,000; and 200 shares of GIK
common stock with a beta of 1.5 and total current market value of $10,000.What is the overall
weighted beta coefficient for Gary's portfolio?
4 Which one of the following indicators would a contrarian investor interpret as a bearish indicator?
Don't know?
1/10
, 11/8/24, 3:16 PM
Terms in this set (374)
1. gather data
2. establish goals
What are the major steps in the asset
3. analyze information
management process
4. make and implement recommendations
5. monitor
Stefan's business plan includes the This goal is not time-framed.
following goal: "I will contact 50 The acronym to remember for goal setting is SMART, which stands for Specific,
prospective clients and document this Measurable, Achievable, Relevant, and Time-Framed. The primary flaw in this goal is
activity in the CRM for tracking purposes." that it is not time-framed. Because it is not time-framed, it is difficult to tell if this is
Which primary element of a good goal is achievable, but it is certainly measurable and very likely relevant.
missing?
180-day certificate of deposit
Which one of the following is not an
A certificate of deposit is a cash equivalent and therefore should be listed under
invested asset?
Cash and Cash Equivalents.
Victoria Gregory's financial situation is as $89,000
follows: Assets = Cash/cash equivalents + Invested assets + Use assets ($15,000 + $45,000 +
Cash/cash EquivalentsL $15,000 $192,000 = $252,000). Liabilities = Short-term debts + Long-term debts ($23,000 +
Short Term debts: $23,000 $140,000 = $163,000). Assets - Liabilities = Net Worth, so $252,000 - $163,000 =
LTDs: $140,000 $89,000.
Taxes: $8000
Invested Assets: $45,000
Use Assets: $192,000
What is her net worth?
The income statement indicates, for a certain period of time, an individual's cash
inflows and outflows. Its components include gross income, expenses, and surplus
Which one of the following statements best
or deficit.
describes the income statement and its
The income statement describes cash flow for a period of time and contains the
major components?
components of gross income, from which expenses are subtracted to determine the
surplus or deficit.
1. anticipated retirement lifestyle
All of the following provide a clearer 2. bad experiences w/ particular investments
picture of the client's needs 3. succession planning in place, if any, for a client involved in ownership of small
business
emergency fund
Which one of the following is considered a
An emergency fund is a "foundation" goal because it is an essential goal for survival
"foundation" goal?
in the event of a dramatic life event.
to accumulate $15,000 for a boat purchase in two years
Which one of the following is the better
This goal is well written because it contains a specific dollar amount and a specific
written financial goal?
time frame.
1. mismatches between the current investment position or resources and stated
goals.
This is an important factor in the analysis step. Any mismatches between the client's
goals and the investment vehicles used to attain those goals should be highlighted.
When analyzing information gathered from
2. the validity of the client's stated goals.
a client, which of the following are
This is an important factor in the analysis step. If the client's goals are unrealistic, this
important factors to look for?
problem needs to be addressed immediately.
3. tax problems that might be ameliorated through investment planning.
This is an important factor in the analysis step. Potential tax problems should be
addressed as part of the investment strategy.
2/10
AAMS Module Quizzes (1-10) WITH COMPLETE
SOLUTIONS GRADED A+.
Practice questions for this set
Learn 1 /7 Study with Learn
This can be done long-hand, using the following steps:$5,000 + $8,000 + $10,000 =
$23,000 total value of the portfolio([$5,000/$23,000] x 1.1) + ([$8,000/$23,000] x 0.7) +
([$10,000/$23,000] x 1.5) = 1.13478 = 1.13
Choose matching term
1 Tenancy in common is a form of property ownership that
2 Can certain levels of inflation be ignored when calculating retirement income needs?
Gary Stevens would like to know the weighted beta coefficient for his portfolio. He owns 100 shares
of ACE common stock with a beta of 1.1 and total current market value of $5,000; 400 shares of BDF
3 common stock with a beta of .70 and total current market value of $8,000; and 200 shares of GIK
common stock with a beta of 1.5 and total current market value of $10,000.What is the overall
weighted beta coefficient for Gary's portfolio?
4 Which one of the following indicators would a contrarian investor interpret as a bearish indicator?
Don't know?
1/10
, 11/8/24, 3:16 PM
Terms in this set (374)
1. gather data
2. establish goals
What are the major steps in the asset
3. analyze information
management process
4. make and implement recommendations
5. monitor
Stefan's business plan includes the This goal is not time-framed.
following goal: "I will contact 50 The acronym to remember for goal setting is SMART, which stands for Specific,
prospective clients and document this Measurable, Achievable, Relevant, and Time-Framed. The primary flaw in this goal is
activity in the CRM for tracking purposes." that it is not time-framed. Because it is not time-framed, it is difficult to tell if this is
Which primary element of a good goal is achievable, but it is certainly measurable and very likely relevant.
missing?
180-day certificate of deposit
Which one of the following is not an
A certificate of deposit is a cash equivalent and therefore should be listed under
invested asset?
Cash and Cash Equivalents.
Victoria Gregory's financial situation is as $89,000
follows: Assets = Cash/cash equivalents + Invested assets + Use assets ($15,000 + $45,000 +
Cash/cash EquivalentsL $15,000 $192,000 = $252,000). Liabilities = Short-term debts + Long-term debts ($23,000 +
Short Term debts: $23,000 $140,000 = $163,000). Assets - Liabilities = Net Worth, so $252,000 - $163,000 =
LTDs: $140,000 $89,000.
Taxes: $8000
Invested Assets: $45,000
Use Assets: $192,000
What is her net worth?
The income statement indicates, for a certain period of time, an individual's cash
inflows and outflows. Its components include gross income, expenses, and surplus
Which one of the following statements best
or deficit.
describes the income statement and its
The income statement describes cash flow for a period of time and contains the
major components?
components of gross income, from which expenses are subtracted to determine the
surplus or deficit.
1. anticipated retirement lifestyle
All of the following provide a clearer 2. bad experiences w/ particular investments
picture of the client's needs 3. succession planning in place, if any, for a client involved in ownership of small
business
emergency fund
Which one of the following is considered a
An emergency fund is a "foundation" goal because it is an essential goal for survival
"foundation" goal?
in the event of a dramatic life event.
to accumulate $15,000 for a boat purchase in two years
Which one of the following is the better
This goal is well written because it contains a specific dollar amount and a specific
written financial goal?
time frame.
1. mismatches between the current investment position or resources and stated
goals.
This is an important factor in the analysis step. Any mismatches between the client's
goals and the investment vehicles used to attain those goals should be highlighted.
When analyzing information gathered from
2. the validity of the client's stated goals.
a client, which of the following are
This is an important factor in the analysis step. If the client's goals are unrealistic, this
important factors to look for?
problem needs to be addressed immediately.
3. tax problems that might be ameliorated through investment planning.
This is an important factor in the analysis step. Potential tax problems should be
addressed as part of the investment strategy.
2/10
