Which of the Following Is Not a Step in Developing

question 45

Multiple Choice

Which of the following is not a step in developing a financial plan?

• A) Establish your financial goals
• B) Consider your current financial position
• C) Identify and evaluate alternative plans that could achieve your goals
• D) Put your plan away for three to five years and then review it for accuracy and progress

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Definitions:

Income Distribution

The way in which a nation’s total GDP is spread amongst its population, affecting economic disparity and levels of poverty and wealth within society.

Demographic Variable

An individual characteristic that can be used to segment populations, such as age, gender, income, or marital status, for analysis or marketing purposes.

Unevenly Distributed

Refers to a situation where resources, values, or qualities are not spread out evenly or uniformly across a given area or among a group.

Demographics

Demographics involve statistical data relating to the population and particular groups within it, used for identifying target markets.