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- Retirement programs, unemployment benefits, financial aid and other expenses that involve transfers of money are considered _________________. a. Capital expenditure b. Consumption c. Utilization d. Transfer paymentsExamine the economic environments influence on personal financial planning.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
- Define the financial planning process. List the elements of a good financial plan.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 DebtsThe company future economic benefit is as....... Select one: a. Revenue b. Expenses C. Assets d. Liabilities
- Discuss the role that investing plays in the personal financial planning process and identify seven different investment objectives.What personality theory is the most dominant concept to help us better understand financial goal setting of individuals? Discuss your answerA ________ plan puts the onus of decision making and investment risk on the employee. A. Defined contribution B. Defined benefits