Proper Financial Planning Can Help You Use Your Current Income

question 97

True/False

Proper financial planning can help you use your current income to achieve your long term financial goals.

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Definitions:

Fundamental Attribution Error

The tendency to overemphasize personality traits and underestimate situational factors when explaining other people's behavior.

Cognitive

Relating to mental activities involved in the acquisition, processing, storage, and retrieval of information.

Feeling

A complex psychological state that involves physiological and cognitive components in response to stimuli or internal thoughts.

Intuition

Rapidly formed judgments based on “gut feelings” or “instincts.”