A Formalized Report That Summarizes Your Current Financial Situation, Analyzes

question 86

Multiple Choice

A formalized report that summarizes your current financial situation, analyzes your financial needs, and recommends future financial activities is a(n)

• A) Insurance prospectus.
• B) Financial plan.
• C) Budget.
• D) Investment forecast.
• E) Statement.

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Definitions:

Unconditioned Response

An automatic, innate reaction to a stimulus that occurs without prior conditioning or learning.

Negatively Reinforced

A behavior strengthened because a negative condition is removed or avoided as a consequence of the behavior.

Positively Punished

The addition of an unpleasant stimulus in response to a behavior, resulting in a decrease in the likelihood of that behavior being repeated.

Negatively Punished

A term in behavioral psychology referring to the decrease in the frequency of a behavior due to the removal of a pleasant stimulus following the behavior.