All of the Following Are True About the Hierarchy of Goals

question 35

Multiple Choice

All of the following are true about the hierarchy of goals EXCEPT which statement?

• A)Goals serve a single purpose.
• B)A single action can serve multiple purposes.
• C)Observers can interpret an action at multiple levels.
• D)There is a temporal factor in whether goals are concrete or abstract.

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Definitions:

Poor Economy

A condition where there is a decline in financial and economic activities, leading to higher unemployment rates and lower consumer spending.

Expected Returns

The probable gains or losses on an investment over a specific period based on historical performance or analyst forecasts.

Economy

The system of production, distribution, and consumption of goods and services within a particular geographic region.

Portfolio

A portfolio containing various financial instruments such as stocks, bonds, commodities, plus cash and cash equivalents, in addition to closed-end funds and ETFs.