financial decision planning pretest

What specific areas of personal finance interest you the most and why? What aspects of your own personal finances cause your worry or stress and why? What key questions do you have about personal finance that you hope to get answers to?

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Course Title: Principle of Healthcare Finance What is the cost of capital?     Short-term securities held in lieu of cash     The amount of return that would be required to make a purchase worthwhile     It is the difference between the standard (the budgeted expectation) and what actually happened     The probability of defaulting on the loan

Which of the following is not one of the most important questions to be asked when starting your business? Will you buy insurance for your business? Where will you get the long-term financing to pay for your investments? Will you bring in other owners, or will you borrow the money? How will you manage your everyday financial activities? What long-term investments should you take on?

How can using personal financial planning tools help you improve your financial position? Please explain and give examples.

What is a common example of paying for risk transfer in everyday life? Purchasing a house Buying auto insurance Investing in the stock market Saving money in a bank account

Explain the idea of mental accounting. Group of answer choices   Mental accounting refers to the way we emotionally account for ups and downs of our lives.   Mental accounting refers to the interest rate we use when we calculate the present value of future mental assets.   Mental accounting is the way people keep track of their mental assets and liabilities.   Mental accounting is the notion of putting dollars in different mental categories where they take different values.

Professional financial planners should   Multiple Choice A inform the client about the outcome of the plan. B assess their client's risk-and-return requirements on a one-time basis, explain the investment plan to the client, and inform the client about the outcome of the plan. C explain the investment plan to the client. D assess their client's risk-and-return requirements on a one-time basis. E explain the investment plan to the client and inform the client about the outcome of the plan.

Is this information correct in how to set up an RRSP