Understanding Business
13th Edition
ISBN: 9781264249527
Author: Nickels, William G.
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Question
Chapter D, Problem 1CE
Summary Introduction
To determine: The task performed, skills needed, pay, and opportunity outlook in the career.
Introduction: Various advices on making investment decision, insurance, mortgages, savings, estate planning, taxes, and retirement for helping out the people in managing finances is given by a personal financial planner.
Expert Solution & Answer
Answer to Problem 1CE
Someone whose job is to provide advice on various aspects related to financial decisions is known as personal financial planner. Various services are provided like providing advice in taking decisions related to finance and also assisting in managing them. The person should have done bachelors in this field whereas the annual wage rate is $90,640 whereas there will be 15% growth rate from the year 2016 to 2026.
Explanation of Solution
The person who provides advice on various aspects like for taking investment decisions, insurance, doing savings for college, estate planning, taxes, and retirement for helping the people in providing assistance in managing the finances is known as personal financial planner. Following are some of the tasks are performed by the personal financial planner:
- Providing personal advice for taking financial decisions.
- Helping people in managing the finance efficiently.
- Encouraging and advising college students in savings.
- Providing advice related to taxes.
There are various skills that are required for becoming a personal financial advisor like having a bachelor’s degree along with master’s degree and certification which can increases one’s chances for advancement in the occupation.
The wage rate of a content-writer is as follows:
- Hourly wage rate- $43.58.
- Annual wage rate- $90,640.
The opportunity outlook in the employment of a content writer is projected to grow to 15% from the year 2016 to 2026, due to the expected increase in population and rise in life expectancies which make it much faster than the usual opportunity growth.
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Chapter D Solutions
Understanding Business
Ch. D.1 - Prob. D.1AQCh. D.2 - Prob. D.2AQCh. D.2 - Prob. D.2BQCh. D.2 - Prob. 1TPCh. D.2 - Prob. 2TPCh. D.2 - Prob. 3TPCh. D.4 - Prob. D.4AQCh. D.4 - Prob. D.4BQCh. D.4 - Prob. D.4CQCh. D.4 - Prob. 4TP
Ch. D.4 - Prob. 5TPCh. D.4 - Prob. 6TPCh. D.4 - Prob. 7TPCh. D - Prob. 1CECh. D - Prob. 2CECh. D - Prob. 3CECh. D - Prob. 4CECh. D - Prob. 1CTCh. D - Prob. 2CTCh. D - Prob. 3CTCh. D - Prob. 4CTCh. D - Prob. 1DCSCh. D - Prob. 2DCSCh. D - Prob. 4DCSCh. D - Prob. 1PPTCh. D - Prob. 2PPTCh. D - Prob. 3PPTCh. D - Prob. 5PPT
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