Why Is Knowledge of Actual Human Behavior Arguably More Important

question 20

Multiple Choice

Why is knowledge of actual human behavior arguably more important for Personal Financial Planning PFP) than for any other area of finance?

• A)Due to PFP's closeness to human actions
• B)Due to PFP's emphasis on practicality
• C)Due to the irrational nature of most personal finance decisions
• D)Both a and b
• E)Both b and c

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Definitions:

Communication Effort

The amount of work and intention put into effectively exchanging information between parties.

Specific Situation

A detailed or particular set of circumstances or conditions that is distinct from others.

Specific Message

A communication or piece of information that is tailored or directed towards a particular group, individual, or purpose.

Audience Interest

The level of curiosity, attention, or engagement shown by the audience toward the subject matter or content presented.