Final answer:
The TRUE statement about the simplified prospectus is that it is designed with an easy-to-understand format, using brief paragraphs and short, clear sentences. The purpose is to make financial information approachable for those who may not have extensive background knowledge in securities or investment products.
Step-by-step explanation:
The statement about the simplified prospectus being a document that is formatted in plain language to be easily understood is TRUE. The design of the simplified prospectus adheres to principles of clarity, brevity, and accessibility. It is structured with brief, concise paragraphs and incorporates short, clear sentences with basic punctuation to be as reader-friendly as possible. By using this approach, it helps those who may be new to financial securities to not feel overwhelmed by complex language or extensive regulations. The goal is to facilitate a better understanding of the investment product and to help potential investors make informed decisions.
In relation to the instructions provided, updating and revising your résumé would require applying similar principles. Ensuring that the text is concise, straightforward, and employs easy-to-understand language will likely improve the document's effectiveness.