In Using a Systems Approach to Financial Planning, It Is

question 89

Multiple Choice

In using a systems approach to financial planning, it is necessary to develop a

• A) pro forma income statement.
• B) cash budget.
• C) production plan.
• D) All of the options are true.

---

Definitions:

Self-Efficacy

An individual's belief in their own ability to succeed in specific situations or accomplish a task.

Community Psychology

A field of psychology that has highlighted the need for the prevention of mental disorders and the promotion of mental health, as opposed to exclusive reliance on treatment approaches; applies an ecological perspective that stresses the interdependence of the individual, the family, community, and society; embodies sensitivity to a person’s social context and appreciation of diversity; pays more attention to people’s strengths and the promotion of wellness, in contrast to the clinical psychology focus on deficits and reduction of maladaptive behaviors; stresses the importance of informal social supports, rather than relying solely on professional help; and is oriented to social justice and social change.

Ecological Approach

A perspective within psychology and other social sciences that emphasizes the importance of understanding individuals in the context of their physical and social environments.

Interdependence

A mutual reliance between two or more groups or people, where each is dependent on the others for certain needs or outcomes.