An internal recommendation with two pages of analysis that must stay on file and may be forwarded to a lender goes in:

Answer

A memo, with the analysis attached

Options - A. An email thread with the analysis pasted in - B. A memo, with the analysis attached - C. A letter to the owner on firm letterhead - D. A text message summarising the decision Why - A. A thread is a conversation; forwarded, it carries the conversation with it and the analysis is buried in replies. - B. Correct — internal, on the record, several readers including a forwarded one: the memo is the channel built for that. - C. A letter is the external, formal channel — an engagement letter, a refusal. This document is internal to the advisory relationship and is a working record. - D. No record, no room for analysis, wrong register for a client decision.

Smith 2.1–2.3; Olds ch 3–4, 13; concept map I01–I03