What is the difference between the appropriateness test and the suitability test?

• A. Appropriateness assesses whether the client has sufficient knowledge to understand a product; suitability evaluates whether the chosen product meets the client’s needs and objectives after advice.
• B. Appropriateness assesses whether the client has sufficient knowledge to understand a product; suitability evaluates whether the product meets the client's needs after advice.
• C. Appropriateness is about product fees; suitability is about product risk.
• D. Appropriateness and suitability are the same.

Answer: (B)