WorksheetsWeek 4 P4 The Financial Planning Process
Total questions: 4
Worksheet time: 2mins
STATE which of the 6 steps to financial goal planning is represented in this scenario: "George is using the SMART Goals acronym to plan out the future."
Determining Your Financial Situation
Developing Your Goals
Identifying Your Options
Evaluate Alternatives
Create and Use an Action Plan
STATE which of the 6 steps to financial goal planning is represented in this scenario: "Marissa, looking to begin shopping for a car, begins writing out what she NEEDS in her car and and she would WANT in her car."
Determining Your Financial Situation
Developing Your Financial Goals
Identifying Your Options
Evaluate Alternatives
Create and Use a Plan of Action
Financial Planning helps in...
Managing Business
Managing Human Resources
Forecasting Business Situations
All of the above
For a major purchasing decisions, consumers need to: (which one is incorrect)
Identify needs and wants
Collect information about products options
Evaluate the product alternatives against a set of criteria
Make purchasing decisions that consider the short- and long-term financial consequences
Buy the first product you see because you like it
