Financial Planning Is a Dynamic Process

question 85

True/False

Financial planning is a dynamic process.

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Definitions:

Overt Behavior

Observable actions or responses of an individual, which can be directly seen and measured by others.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.

Freudian Psychoanalysis

A psychological theory and therapy method developed by Sigmund Freud that emphasizes unconscious motivations and conflicts as determinants of human behavior.

Humanistic Philosophy

A philosophical approach that emphasizes the personal worth of the individual and the centrality of human values.