Which of the Following Best Explains Why Life Planning Belongs

question 7

Multiple Choice

Which of the following best explains why life planning belongs under our definition of behavioral finance?

• A)It deals with human actions that deviate from the financial goal of making as much money as possible
• B)It deals with human actions that do not deviate from the financial goal of making as much money as possible
• C)Because behavior is strongly influenced by life experience
• D)Both a and c
• E)Both b and c

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Definitions:

Market Setting

Refers to the competitive environment in which businesses operate, influenced by supply and demand dynamics.

Human Resources

The abilities, skills, and health of human beings that contribute to the production of both current and future output. Investment in training and education can increase the supply of human resources.

Physical Resources

Tangible assets used in the production or delivery of goods and services, such as machinery, buildings, and raw materials.