BUSN 380 help Making Decisions/uophelp.com BUSN 380 help Making Decisions/uophelp.com | Page 11

Question 7. Question : (TCO 1) When it comes to the financial planning
process, the first step is to
develop financial goals.
implement the financial plan.
evaluate and revise your actions.
analyze your current personal and financial situation.
create a financial plan of action.
Question 8. Question : (TCO 1) If a person wants to determine the
current value of a desired amount for the
future, the following computation would be used.
Simple interest
Present value of a single amount
Future value of a series of deposits
Future value of a single amount
Present value of a series of deposits
Question 9. Question : (TCO 1) Which goal below would be the easiest
to implement and measure in terms of
accomplishment?
"Reduce our debt payments."
Save $100 a month to create a $4,000 emergency fund."
"Save funds for an annual vacation."
"Invest $2,000 a year for retirement."
Question 10. Question : (TCO 1) _____ risk refers to the changing cost
of money.
Monetary Inflation Economic
Personal
Interest rate