Mastering Client Identification and Relationship Management

Question 1 / 6

🏆 Rank #-- ▾

Score 0/100

1. What are the different categories of clients?

Types of services offered to clients.

Client's annual income.

Client's favorite color choices.

Documents required to identify and verify each category

The question is inquiring about the classification or groups of clients based on documentation requirements, not about services offered, personal preferences, or financial information.

Explanation

The question is inquiring about the classification or groups of clients based on documentation requirements, not about services offered, personal preferences, or financial information.

About This Quiz

Mastering Client Identification and Relationship Management - Quiz

This interactive module enhances your understanding of client relationship management. It focuses on identifying key client information, improving service delivery, and adhering to compliance standards, crucial for professionals in client-facing roles.

2. What first name or nickname would you like us to use?

You may optionally provide this to label your report, leaderboard, or certificate.

2. Which of the following terms refers to the identity of a person?

Close corporate

IDENTITY OF PERSON

Company

Legal entity other than a company or close corporation

The term 'IDENTITY OF PERSON' specifically relates to an individual's personal identity, distinguishing them from other entities or organizations. It is not applicable to companies, close corporations, or other legal entities.

Explanation

3. What determines different requirements?

VERIFICATION OF PERSON

Size of the company.

The cost of the product.

The current phase of the project.

The correct answer refers to the verification of the person as the factor that determines different requirements in a given situation.

Explanation

The correct answer refers to the verification of the person as the factor that determines different requirements in a given situation.

4. What is the purpose of obtaining information concerning the identity of a South African citizen or foreigner in SA or abroad, company listed on recognized stock exchange, or not in contact with the accountable institution?

Employment Verification

Account Opening Process

Credit Score Check

VERIFICATION OF RESIDENTIAL ADDRESS

The correct answer pertains to the process of verifying the residential address of individuals or companies falling under the specified criteria.

Explanation

The correct answer pertains to the process of verifying the residential address of individuals or companies falling under the specified criteria.

5. What category do CLOSE CORPORATIONS, TRUSTS, and COMPANIES fall under?

CREDIT REPORTS – HISTORY

FINANCIAL ASSETS – VALUATION

LEGAL PERSONS – IDENTITY

TAX RETURNS – DOCUMENTATION

CLOSE CORPORATIONS, TRUSTS, and COMPANIES are considered legal persons with their own identity and rights, separate from the individuals who own or manage them.

Explanation

CLOSE CORPORATIONS, TRUSTS, and COMPANIES are considered legal persons with their own identity and rights, separate from the individuals who own or manage them.

Thank you for your feedback!