The Step in the Personal Financial Planning Process That Follows

question 17

Multiple Choice

The step in the personal financial planning process that follows "Create and implement your financial action plan" is

• A) Review and revise the financial plan
• B) Identify alternative courses of action
• C) Determine current financial situation
• D) Evaluate alternatives
• E) Develop your financial goals

---

Definitions:

Relevant Information

Data that can influence a decision-making process because it is pertinent and has a bearing on the situation.

Actual Results

The real outcomes achieved by an organization, which can be measured and compared against its goals or forecasts.

Planned Activities

Predefined actions or strategies set by an organization in pursuit of its objectives.

Accounting Period

A specific and standard duration of time (such as a month, quarter, or year) during which accounting records are kept and financial statements are prepared.