Which of the Following Is the Final Step in Creating

question 68

Multiple Choice

Which of the following is the final step in creating a financial plan?

• A) What is your starting point?
• B) What is your financial score?
• C) What is your goal?
• D) Formalize and implement your financial plan.

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Definitions:

Special Precautions

Additional safety measures or steps taken in specific situations to prevent harm or mitigate risk beyond what is normally required.

Direct Liability

Direct liability refers to a legal responsibility that arises from one's own actions or failures to act, leading directly to harm or damage.

Respondeat Superior

A judicial principle that assigns legal liability to an employer or principal for the wrongful actions performed by an employee or agent, providing these actions happened in the course of their employment or representation.

Vicarious Liability

A legal principle where one party is held responsible for the actions or omissions of another, such as an employer for the actions of an employee.