OMVIC Practice Test

When providing disclosure to a customer, it must be done in a way that is:

1. Easy, precise and fair

2. Clear, comprehensible and prominent

3. Apparent, logical and friendly

4. Thorough, detailed and documented

The correct answer is: Clear, comprehensible and prominent

Providing disclosure to a customer should be done in a way that is clear, comprehensible and prominent. Option A is incorrect because while it is important for disclosure to be easy for the customer to understand, precision and fairness are not necessarily the main factors in making a disclosure effective. Option C is incorrect because while logical and friendly communication is important, it may not always be clear or comprehensible for the customer. Option D is incorrect because while thoroughness and detail are important, if the disclosure is not clear and easily understood, it may not be effective. Therefore, option B is the best answer as it covers all three important aspects of a successful disclosure.