Sophia Martin Has Decided to Retire and Use the Time

question 17

Multiple Choice

Sophia Martin has decided to retire and use the time she has earned to travel around the world.She has decided to start her trip around the world in Europe by train and bus and will use her savings to pay for her trip.Which step in the financial planning process does this scenario demonstrate?

• A)Developing her financial goals
• B)Identifying alternative courses of action
• C)Evaluating her alternatives
• D)Implementing her financial plan
• E)Reviewing and revising her financial plan

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