Weekly 2

Which of the following statements constitutes a definition of a financial plan?   Group of answer choices   Results that an individual wants to attain   2.  A roadmap for achieving financial goals   3.  Redefining your financial goals   4.  Setting a goal date

Q7 “Financial planning is an ongoing process, providing direction for achieving your goalsthrough proper management of your financial situation. It takes a holistic view of yourlifestyle, your needs and your priorities. A financial plan is a tool to analyze your financialsituation and provide projections that can assist you in understanding your true situation andwhether you can achieve your goals”. Discuss the significance of financial planning and alsodiscuss about Bhartiya Model of Financial Planning?

Finding out better sources of finances comes under ______________ objective of financial management a. Basic objectives b. Research Objectives c. Social Objectives d. Operational Objectives

13. Investment objectives are important because they are closely tied to overall personal financial planning and achievement of financial goals. Investment objectives include current income, saving for major expenditures, retirement funds and A. Tax shelters В. Entertainment C. Travelling D. Settling Debts

Maximizing the profit of the concern comes under ____________objective of financial management a. Operational Objectives b. Social Objectives c. Basic objectives d. Research Objectives

1. It is the process of planning and handling personal financial activities such as saving and investing. 2. A financial planning process that involves the use of surveys, questionnaires, and interviews to gather quantitative and qualitative information from the individual. 3. In this process, the individual can suggest on the proposed solutions on the financial plan. 4. A financial planning process that includes the assessment of objectives regarding the individual's resources and constraints. 5. Evaluation of the financial plan on a regular basis to see if it effectively meets the individual's goals and objectives. 6. Field of personal finance that includes risks of liability, property, death, disability, health, and long-term care. 7. Analysis of cash flows to come up with investment plans that will meet the costs of retirement in the future is involved in this area of personal finance. 8. Area of personal finance that includes an understanding of personal resources by checking an…

Review the material in Chapter 1 on Personal Financial Planning. Define the financial planning process List the elements of a good financial plan. Identify and discuss the three most important personal factors and the three most important economic factors that affect your financial planning decisions.

2. A financial planning process that involves the use of surveys, questionnaires, and interviews to gather quantitative and qualitative information from the individual. 3. In this process, the individual can suggest on the proposed solutions on the financial plan. 4. A financial planning process that includes the assessment of objectives regarding the individual's resources and constraints. 5. Evaluation of the financial plan on a regular basis to see if it effectively meets the individual's goals and objectives. 6. Field of personal finance that includes risks of liability, property, death, disability, health, and long-term care. 7. Analysis of cash flows to come up with investment plans that will meet the costs of retirement in the future is involved in this area of personal finance. 8. Area of personal finance that includes an understanding of personal resources by checking an individual's net worth and cash flow. 9. Planning for the disposition of one's assets after death. 10.…

Which of the following activities will worsen your chance of financial success? Check all that apply. Knowledge of the general condition and events occurring in the local, state, regional, national, and international economic environments. The development of an effective plan that is consistently applied until it is revised in accordance with changes in your goals and life circumstances. The development of personal financial goals and target dates that are consistent with your values, attitudes, and behaviors. Knowledge of what other average people believe and how they behave, because they affect the same financial markets and economic conditions that affect you..

True or False 1. Personal financial planning is the process of getting rich. 2. In evaluating alternatives in financial goals, each choice involves an opportunity cost. 3. A comprehensive financial plan can enhance the quality of one's life.

Choose the correct option A major activity in the planning component of financial planning is: a. selecting insurance coverage b. evaluating investment alternatives.c. gaining occupational training and experience. d. allocating current resources for spending e. establishing line of credit

Credit and debt are two of the most crucial means available to achieve personal financial: Intentions Objectives Goals Reasons Ideas

e 1:E1 OMANTEL Practice (page 4 . ... moodle.nct.edu.om Timely availability of requisite finances objective of comes under financial managment a. Social Objectives b. None c. Research Objectives d. Operational Objectives e. Basic objectives Previous page Next page II

Write a paper on your perspective to the statement: "Financial Management should include not only a concern for profit maximization but also for maximization of societal value."

Financial Planning Worksheet A–Short-Term and Long-Term Goals Everyone wants to make good decisions-decisions that maximize benefits and minimize costs. However, it can be hard to make good decisions when you aren't sure what you want to achieve. That's why setting goals and creating and following a financial plan with your goals in mind is so important. When you know where you want to be in the future, it is often easier to get there. Most of the day-to-day decisions you make are only single parts of the larger problem of getting what you want from life. Suppose you spend $20 to see a movie and go out for pizza with your friends. Your decision was made to achieve a short-term goal of immediate enjoyment. Remember, however, that whenever you make a choice, you also make a trade-off. The $20 you spent for pizza and a movie can't be spent or saved for something else. All of your decisions are related to each other, and so are your goals. The $20 you spent for entertainment helped you…

What personality theory is the most dominant concept to help us better understand financial goal setting of individuals? Discuss your answer

Personal financial management topics.( Investment) Paragraph should include topic, why you feel this was helpful and how this information will help you in the future

IDENTIFICATION

The major supplier of funds for investment in the whole economy is Group of answer choices businesses. government. financial institutions. households.

The part of finance concerned with design and delivery of advice and financial products to individuals, business, and government is called f O Managerial Finance O Financial Activities Financial Manager O Financial Markets

Do entrepreneurs, managers, employees, teachers, students and other people be rich by following this FINANCIAL FOUNDATION? How?