The Major Function of a Financial Plan Is to

question 22

Multiple Choice

The major function of a financial plan is to

• A) Reduce taxes.
• B) Increase savings.
• C) Achieve financial goals.
• D) Improve your credit rating.
• E) Obtain adequate insurance protection.

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Definitions:

Motivator Side

The aspects of a job or environment that can increase employee satisfaction and motivation, typically including factors like recognition, achievements, and personal growth.

Physiological Needs

The basic, essential human requirements for survival, such as food, water, shelter, and sleep, as outlined in Maslow's hierarchy of needs.

Abraham Maslow

Abraham Maslow was a psychologist known for creating Maslow's hierarchy of needs, a theory in psychology proposing five tiers of human needs, from basic survival needs like food and shelter to higher levels of needs such as self-actualization.

Hierarchy

Hierarchy is a system of organizing people or things according to levels of importance or authority.