After Your Financial Plan Is Developed It Should Be

question 67

Multiple Choice

After your financial plan is developed it should be

• A) locked in a safe for keeping so it isn't stolen.
• B) reviewed every five years.
• C) monitored and updated annually.
• D) sold to others.

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Definitions:

Scarce Resources

Limited resources available to meet the unlimited wants and needs of individuals or societies.

Parameter Changes

Adjustments made to the variables or inputs that define the operation of a system or model.

Maximum Profit

The highest possible financial gain achievable by a business or investment, often the primary goal of economic activities and operations.

Corners

Points at which two or more lines or edges meet, often used in the context of geometry or spatial planning.