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Personal Financial Planning Must Satisfy Four Broad Categories of Personal-Finance

question 8

Essay

Personal financial planning must satisfy four broad categories of personal-finance decisions: consumption and savings,investments,financing,and risk management.Into which category does each of the following five examples belong?
-Inability to save properly.
-Need to resolve a debt problem.
-Desire to improve investment returns.
-Desire to retire comfortably on time.
-Discomfort with present risk profile.


Definitions:

Program's Statements

The individual instructions in a program, written in a programming language, that specify the actions to be performed.

Boolean Operator

A logical operator that performs operations, such as AND, OR, and NOT, on boolean values and produces a boolean result.

Operands

Entities in mathematics and computer science on which operators perform operations, such as numbers in algebra or values in programming.

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