A Major Focus of Financial Planning Is To

question 101

Multiple Choice

A major focus of financial planning is to:

• A) minimize a firm's risk.
• B) maximize a firm's risk.
• C) analyze and select risks for the firm.
• D) train the firm's management to operate without risk.

---

Definitions:

Trend

A general direction in which something is developing or changing, often identified in data analysis to forecast future values.

Level Shift

A term often used in time series analysis indicating a change in the mean level of a series at a certain point in time.

Assignable Variation

Assignable variation is a concept in quality control that refers to variation in a process that can be traced to specific causes, as opposed to random variation, which is inherent and cannot be easily identified and controlled.

Trend

A general direction in which something is developing or changing, often identified in data analysis.