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CTP · Question #106

(Topic 2) The first step in the financial institution and financial services provider (FSP) selection process should be:

The correct answer is B. identifying the critical product or service specifications. See the full explanation below for the reasoning.

Question

  • (Topic 2)

The first step in the financial institution and financial services provider (FSP) selection process should be:

Options

  • Aselecting a pool of available candidates.
  • Bidentifying the critical product or service specifications.
  • Cestablishing a grading mechanism.
  • Devaluating the cost of switching providers.

How the community answered

(38 responses)
  • A
    13% (5)
  • B
    79% (30)
  • C
    3% (1)
  • D
    5% (2)

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