The Financial Planning Process Consists of Three Steps

question 58

Multiple Choice

The financial planning process consists of three steps:

• A)evaluate your current financial status,set financial goals,develop and use a budget.
• B)work with a financial planner,create a financial budget,devise a plan to maximize the likelihood that you will stay within your budget.
• C)calculate your total debt,determine the cash available per month to pay down the debt,develop a plan for paying off the debt.
• D)prepare a budget,prepare a list of assets and liabilities,prepare a statement of cash flows.

---

Definitions:

High Grade Point Average

High Grade Point Average (GPA) reflects strong academic performance and achievement, typically indicating that a student has attained A or A+ grades in their coursework.

Prestigious University

An institution of higher education well-known for its high academic standards, distinguished faculty, and notable alumni.

Davis-Moore Thesis

A sociological proposition that argues social stratification has beneficial consequences for the operation of a society, suggesting that the most talented individuals are rewarded with the most important jobs and highest income.

Discrimination

Actions that deny or grant advantages to members of a particular group.