Which of the Following Is a Component of Behavioral Financial

question 4

Multiple Choice

Which of the following is a component of behavioral financial planning operations?

• A)Estate planning
• B)Traditional money planning and making more efficient financial decisions
• C)Life planning
• D)Both a and b
• E)Both b and c

---

Definitions:

Power

Vigor and strength; the force necessary to exert one’s will; a social motive for assuming leadership responsibility. A leader with power has the ability to dominate and control people and events. Sources of power used by leaders include rewards, coercion, legitimacy, and information; types of power include expertise, reference, rational, and charisma.

Interpersonal Relations

Mutual interactions and connections between individuals, often associated with personal or professional relationships.

Communication

The giving and receiving of information; the basis of constructive relationships; the essential requirement for both a humanistic and productive workplace. Types of communication ranked in order of importance to employees include immediate supervisor, small group meetings, information from top executives, policy handbooks, orientation programs, and member newsletters.

Creativity

The ability to generate new and original ideas, solutions, or products.