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Reviews of the financial plan

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Reference no: EM133111048

1. Reviews of the financial plan should identify:

Multiple Choice

a. None of the choices are correct.

b. Systematic differences.

c. Cyclical differences.

2. For which of the following operating segments of the financial plan is the function characterized as "job and investments liquidation upon retirement fund household activities"?

Multiple Choice

a. None of the choices are correct.

b. Estate planning.

c. Financial investments.

3. For which part of the financial plan is "sets planning focus" a key contribution?

Multiple Choice

a. Summary of plan recommendations.

b. Statement of goals.

c. Integration.

d. None of the choices are correct.

4. For which part of the financial plan is "special requirements of all types for household members" a key contribution?

Multiple Choice

a. Educational planning.

b. Other planning.

c. None of the choices are correct.

d. Employee benefits.

5. For which of the following operating segments of the financial plan is the cash relationship characterized exclusively as an inflow?

Multiple Choice

a. Revenues.

b. Capital expenditures (nonfinancial investments) and risk management.

c. Capital expenditures (nonfinancial investments).

d. Risk management

6. Which area of personal financial planning is affected by the internal environment variable "obligations in relation to assets and cash flow"?

Multiple Choice

a. Debt.

b. Tax planning.

c. Risk management.

d. None of the choices are correct.

7. Why is there a need for the financial plan to integrate all financial actions?

Multiple Choice

a. Due to the limited resources households have.

b. Due to the possibility that the justification for some actions may be forgotten.

c. To satisfy certain regulation that financial planners must follow.

d. None of the choices are correct.

Reference no: EM133111048

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