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Which one of the following statements is TRUE about decision making in financial planning process?
planning your summer vacation
Increases financial security.
An Opportunity Cost
Attainable, but not measurable
Satellite Decisions
Every decision made today affects decisions made in the future.
unit of account
Cara’s values influenced her decisions not buy the coat.
Which of the following is most likely to be a short-term goal?
planning your summer vacation
Increases financial security.
An Opportunity Cost
Attainable, but not measurable
Satellite Decisions
Every decision made today affects decisions made in the future.
unit of account
Cara’s values influenced her decisions not buy the coat.
The value of what is given up when you choose one option over another is
planning your summer vacation
Increases financial security.
An Opportunity Cost
Attainable, but not measurable
Satellite Decisions
Every decision made today affects decisions made in the future.
unit of account
Cara’s values influenced her decisions not buy the coat.
Brianna just bought a car. She realized that this one decision has created a need to make other, smaller decisions like where to get car insurance. These are known as...
planning your summer vacation
Increases financial security.
An Opportunity Cost
Attainable, but not measurable
Satellite Decisions
Every decision made today affects decisions made in the future.
unit of account
Cara’s values influenced her decisions not buy the coat.
Harold saves all extra income earned during peak seasons to give him money to fall back on during off-season months when work is more difficult to find. This money...
planning your summer vacation
Increases financial security.
An Opportunity Cost
Attainable, but not measurable
Satellite Decisions
Every decision made today affects decisions made in the future.
unit of account
Cara’s values influenced her decisions not buy the coat.
Dennis was shopping at the mall. He noticed that jackets are on sale for $99. In this case money is functioning as a ________.
planning your summer vacation
Increases financial security.
An Opportunity Cost
Attainable, but not measurable
Satellite Decisions
Every decision made today affects decisions made in the future.
unit of account
Cara’s values influenced her decisions not buy the coat.
Since she does not approve of slaughtering animals for their fur, Cara decided not to purchase a coat with a natural fur collar. What could be said about her buying decisions?
planning your summer vacation
Increases financial security.
An Opportunity Cost
Attainable, but not measurable
Satellite Decisions
Every decision made today affects decisions made in the future.
unit of account
Cara’s values influenced her decisions not buy the coat.
Ted earns $250 a week from his part-time job. His goal is to save $150 each month to go on a vacation. Which phrase BEST describes this goal?
planning your summer vacation
Increases financial security.
An Opportunity Cost
Attainable, but not measurable
Satellite Decisions
Every decision made today affects decisions made in the future.
unit of account
Cara’s values influenced her decisions not buy the coat.
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