There Are Four Key Steps in Developing a Financial Plan

question 12

True/False

There are four key steps in developing a financial plan: 1.Establishing goals;2.Considering your current financial position;3.Selecting the best options to reach your goals and 4.Revising your plan annually.

---

Definitions:

Under-estimating

The act of judging something to be smaller or less important than it actually is.

Texture Gradient

A visual cue used in perception that involves the gradual change in appearance of an object's surface texture as it recedes into the distance, indicating depth.

Linear Perspective

A technique in art and photography that creates the illusion of depth on a flat surface, using converging parallel lines.

Depth

The perceived distance from the observer to a target point, often associated with the dimensionality of space in visual perception.