Sophia Martin Is Assessing Her Balances

question 16

Multiple Choice

Sophia Martin is assessing her balances.She expects to retire in the next year and has $675,000 in savings and investments and owns her own home that is worth $250,000.Which step in the financial planning process does this situation demonstrate?

• A)Determining her current financial situation
• B)Developing her financial goals
• C)Identifying alternative courses of action
• D)Evaluating her alternatives
• E)Implementing her financial plan

---

Definitions:

Sculptor

An artist who creates three-dimensional works of art by carving, modeling, welding, or casting materials such as clay, stone, metal, or wood.

Theory Of Emotion

A concept or model that seeks to explain the relationship between emotions, physiological responses, and cognitive processes.

Arousal

A physiological and psychological state of being awake or reactive to stimuli, often associated with increased activity in the sympathetic nervous system.

Stimulus

Any event or situation that evokes a response from an organism.