Which One of the Following Is Not One of the Five

question 6

Multiple Choice

Which one of the following is not one of the five basic steps in personal financial planning?

• A) Evaluate your financial health.
• B) Define your financial goals.
• C) Develop a plan of action.
• D) Let an accountant review your plan.
• E) Implement your plan.

---

Definitions:

SOM

An abbreviation that can refer to various concepts, depending on the context; one example is "Self-Organizing Map," a type of artificial neural network.

SOM

The subset of the Serviceable Available Market that an organization can expect to reach, considering factors like competition and market readiness.

SAM

An abbreviation for Serviceable Available Market, which is the portion of the Total Available Market that can actually be reached by a company.

TAM

Total Addressable Market, which refers to the overall revenue opportunity available or potential market for a product or service.