Which of the Following Is Not a Reason Why Financial

question 20

Multiple Choice

Which of the following is not a reason why financial planning procedures must be monitored and reviewed periodically?

• A)Incomes change
• B)Life situations change
• C)Individual goals change
• D)The financial environment changes
• E)All of the above are reasons why financial planning procedures must be monitored and reviewed periodically

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Definitions:

Delay of Gratification

The ability to resist an immediate reward in preference for a later, often greater, reward, reflecting self-control and forward planning.

Academic and Social Competence

The ability to achieve in academic environments and to successfully interact socially with others.

General Coping Ability

The overall capability of an individual to manage stress, adversity, or change effectively.

Self-Reliance

The reliance on one's own capabilities, judgment, or resources rather than those of others.