Your Decision About One Component of Your Financial Plan Can

question 69

Multiple Choice

Your decision about one component of your financial plan can affect all other components. Which statement is true?

• A) The amount of life insurance you choose to carry has no effect on your future estate value.
• B) There will never be any trade-offs to consider when making decisions about your financial plan.
• C) If you make poor investment decisions, you may have to work longer than planned.
• D) You should contribute all of your extra money to your retirement account even if it means you don't have money available for products and services today.

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Definitions:

Fixed Interval Schedule

A reinforcement schedule that rewards the first response after a predetermined period has passed.

Chocolate Ice Cream

A frozen dessert made from dairy products and flavored with cocoa and sugar, among other ingredients.

Avoidance Learning

A type of learning in which an individual learns a behavior to prevent the occurrence of an unpleasant stimulus.

Positive Reinforcement

A process in psychology where a behavior is encouraged by rewarding it, leading to an increase in the occurrence of that behavior.