A Major Activity in the Planning Component of Financial Planning

question 58

Multiple Choice

A major activity in the planning component of financial planning is:

• A) selecting insurance coverage.
• B) evaluating investment alternatives.
• C) gaining occupational training and experience.
• D) allocating current resources for spending.
• E) establishing a line of credit.

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Definitions:

Burden of Proof

is the obligation to prove one's assertion or claim in a legal dispute, typically resting on the party initiating the action.

Small Business

A business that is privately owned and operated, with a small number of employees and relatively low volume of sales.

Expenses

Costs incurred by a business in the process of earning revenue, such as rent, salaries, and utilities, which are used to assess company profitability.

Revenue

The income generated from normal business operations, usually from the sale of goods and services.