Which of the Following Is Not a Reason Why Financial

question 20

Multiple Choice

Which of the following is not a reason why financial planning procedures must be monitored and reviewed periodically?

• A)Incomes change
• B)Life situations change
• C)Individual goals change
• D)The financial environment changes
• E)All of the above are reasons why financial planning procedures must be monitored and reviewed periodically

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Definitions:

Prejudice

A preconceived opinion or bias against an individual or group without sufficient information, often leading to discrimination and social injustice.

Oppression

Oppression involves subjecting a group or individual to unjust treatment or control, often systemically through institutional, social, or economic means.

Scapegoating

refers to the practice of unfairly blaming an individual or group for problems or failures, often to deflect attention from the real causes.

Groupthink

A psychological phenomenon that occurs within a group of people, in which the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.