One Aspect of Financial Planning Is to Control Your Use

question 21

Multiple Choice

One aspect of financial planning is to control your use of credit. Which aspect of financial planning does this deal with?

• A) Borrowing
• B) Spending
• C) Managing Risk
• D) Investing
• E) Retirement and Estate Planning

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Definitions:

Reinforcement

A process in psychology used to encourage or strengthen a particular behavior by providing a reward or removing an unfavorable outcome.

Socially Acceptable

Behaviors, actions, or standards that are widely regarded by society as appropriate, proper, and fitting within societal norms and values.

Psychological Laboratory

A controlled environment designed for the study and research of psychological phenomena and behaviors.

Functionalism

A psychological philosophy that considers mental life and behavior in terms of active adaptation to the person's environment.