On January 1, 2012, Brad Came Up with an Investment

question 93

Multiple Choice

On January 1, 2012, Brad came up with an investment goal of having $50,000 in assets by March 31, 2012. What fault would financial planners find with Brad's goal?

• A) This goal is not specific enough.
• B) This goal cannot be easily measured to determine if it has been achieved.
• C) This goal is overly specific.
• D) This goal is not future-oriented enough.
• E) This goal is unreasonable because of uncertain economic conditions.

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Definitions:

Business Travelers

Individuals who travel primarily for business purposes, such as meetings, conferences, and networking.

Lower Price

When the cost of a good or service decreases relative to previous pricing levels, making it more affordable.

Price Discrimination

Price discrimination involves charging different prices to different consumers for the same product or service, based on willingness to pay, location, or other distinguishing factors.

Inelastic Demand

Refers to a situation where demand for a product does not significantly change with a change in the product's price.