One Key Reason a Long-Term Financial Plan Is Developed Is

question 77

Multiple Choice

One key reason a long-term financial plan is developed is because:

• A) the plan determines your financial policy.
• B) the plan determines your investment policy.
• C) there are direct connections between achievable corporate growth and the financial policy.
• D) there is unlimited growth possible in a well-developed financial plan.
• E) None of these.

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Definitions:

Absolutely

Used to express complete and total agreement or to confirm that something is unquestionably true or correct.

Smart

Possessing intelligence and quickness of understanding, often used to describe someone who is intellectually able or clever.

Mindfully

Refers to the act of being present and fully engaged with one’s surroundings and activities without being overly reactive or overwhelmed by what’s going on around us.

Single-trait Approach

A psychological methodology focusing on how one trait in a person’s personality influences their behavior across different situations and contexts.