©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 9:46 AM A+
COMMERCE 4FP3 FINAL Exam Questions
And Answers |Latest 2025 | Guaranteed Pass
The five key components of a financial plan include
A.
protecting your landscape
and budgeting.
B.
protecting your landscape
and planning your family size.
C.
planning your estate
and planning your interior.
D.
planning your estate
and budgeting. - Answer✔D
Which statement below regarding FPSC Rules of Conduct is incorrect?
A.
The rules serve to assist the practitioner in cases where the expectations or requirements of
employers, colleagues or clients put the CFP professional in a difficult position.
B.
1
, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 9:46 AM A+
The rules provide specific guidance to CFP professionals and FPSC Level 2 certificants on
expected practices.
C.
The rules reflect the specific standards of conduct that CFP professionals must demand of
themselves and of their peers.
D.
The rules provide direction on how to navigate the various pressures involved in financial
planning. - Answer✔B
What factor influences income? (Select the best answer below.)
A.
Career decisions
B.
How much you spend
C.
The choice to buy a home
D.
The kind of car you drive - Answer✔A
Knowledge of tax laws allows you to: (Select the best answer below.)
A.
avoid paying taxes.
B.
vote as an informed citizen.
C.
give tax advice to others.
D.
make more favorable choices - Answer✔D
2
, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 9:46 AM A+
Your net worth is: (Select the best answer below.)
A.
what you own plus what you owe.
B.
your assets plus your liabilities.
C.
what you owe minus what you own.
D.
what you own minus what you owe. - Answer✔D
Net worth is important because it: (Select the best answer below.)
A.
is reported in loan applications.
B.
is reported to the Internal Revenue Service.
C.
has to be monitored.
D.
is a measure of wealth, and can be used to evaluate changes in, and develop strategies to
increase, wealth. - Answer✔D
What factors are considered in managing financing?
A.
finding honest lenders
B.
lowering credit card balances
3
, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 9:46 AM A+
C.
the length of time for the loan
D.
identifying price changes - Answer✔C
First and foremost, the FPSC Code of Ethics (the Code) represents the commitment of the CFP
professional to
A.
the financial services industry.
B.
themselves.
C.
the profession.
D.
the public. - Answer✔D
A CFP professional that provides advice and/or service in a timely manner to a client can be
referred to as acting
A.
competently.
B.
with integrity.
C.
diligently.
D.
professionally. - Answer✔C
4
COMMERCE 4FP3 FINAL Exam Questions
And Answers |Latest 2025 | Guaranteed Pass
The five key components of a financial plan include
A.
protecting your landscape
and budgeting.
B.
protecting your landscape
and planning your family size.
C.
planning your estate
and planning your interior.
D.
planning your estate
and budgeting. - Answer✔D
Which statement below regarding FPSC Rules of Conduct is incorrect?
A.
The rules serve to assist the practitioner in cases where the expectations or requirements of
employers, colleagues or clients put the CFP professional in a difficult position.
B.
1
, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 9:46 AM A+
The rules provide specific guidance to CFP professionals and FPSC Level 2 certificants on
expected practices.
C.
The rules reflect the specific standards of conduct that CFP professionals must demand of
themselves and of their peers.
D.
The rules provide direction on how to navigate the various pressures involved in financial
planning. - Answer✔B
What factor influences income? (Select the best answer below.)
A.
Career decisions
B.
How much you spend
C.
The choice to buy a home
D.
The kind of car you drive - Answer✔A
Knowledge of tax laws allows you to: (Select the best answer below.)
A.
avoid paying taxes.
B.
vote as an informed citizen.
C.
give tax advice to others.
D.
make more favorable choices - Answer✔D
2
, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 9:46 AM A+
Your net worth is: (Select the best answer below.)
A.
what you own plus what you owe.
B.
your assets plus your liabilities.
C.
what you owe minus what you own.
D.
what you own minus what you owe. - Answer✔D
Net worth is important because it: (Select the best answer below.)
A.
is reported in loan applications.
B.
is reported to the Internal Revenue Service.
C.
has to be monitored.
D.
is a measure of wealth, and can be used to evaluate changes in, and develop strategies to
increase, wealth. - Answer✔D
What factors are considered in managing financing?
A.
finding honest lenders
B.
lowering credit card balances
3
, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 9:46 AM A+
C.
the length of time for the loan
D.
identifying price changes - Answer✔C
First and foremost, the FPSC Code of Ethics (the Code) represents the commitment of the CFP
professional to
A.
the financial services industry.
B.
themselves.
C.
the profession.
D.
the public. - Answer✔D
A CFP professional that provides advice and/or service in a timely manner to a client can be
referred to as acting
A.
competently.
B.
with integrity.
C.
diligently.
D.
professionally. - Answer✔C
4
