Which Item Is Not One of the Components of a Personal

question 109

Multiple Choice

Which item is not one of the components of a personal financial plan?

• A) Setting aside money for season tickets to your favorite football team
• B) Investing your money
• C) Planning your retirement
• D) Budgeting

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Definitions:

Negativity Bias

The psychological tendency to pay more attention and give more weight to negative than positive experiences or information.

Role Schemas

Cognitive structures that contain information about the features, behaviors, and expectations associated with social roles.

Person Schemas

Cognitive structures that contain knowledge, beliefs, and expectations about others that influence how we perceive and respond to them.

Content-Free Schemas

Cognitive structures that represent generic concepts without specific content, guiding the understanding of new information.