Which of the Following Is Not a Step in the Personal

question 5

Multiple Choice

Which of the following is not a step in the personal financial planning decision making process?

• A)Establish the scope of the activity
• B)Identify and report tax evasion to the authorities
• C)Gather data and identify goals
• D)Compile and analyze the data
• E)All of the above are steps in the personal financial planning decision making process

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Definitions:

Major Barrier

A significant obstacle or hindrance that prevents or impedes progress toward achieving a goal or objective.

Openness

A personality trait characterized by a willingness to experience new ideas, imaginative thought, curiosity, and a broad range of interests.

Channel Richness

Indicates the capacity of a channel to convey information.

Sense Of Security

A feeling of safety and stability that comes from believing that one is protected from harm and risk.