Liberty University BUSI 352 Retirement Planning Final Exam Questions And Answers Accurately Solved.
4 views 0 purchase
Course
BUSI 352
Institution
BUSI 352
A Good Financial Planning Report must include an analysis of the following EXCEPT:
A.) Where you are now
B.) Where you want to be
C.) Why you failed previously
D.) How to Reach your Goals - correct answer C.) Why you failed previously
Usual Financial Pl...
Liberty University BUSI 352 Retirement
Planning Final Exam
A Good Financial Planning Report must include an analysis of the following EXCEPT:
A.) Where you are now
B.) Where you want to be
C.) Why you failed previously
D.) How to Reach your Goals - correct answer C.) Why you failed previously
Usual Financial Planning Goals include the Following EXCEPT:
A.) Retirement Planning
B.) Current Lifestyle
C.) Career Planning
D.) Estate Planning - correct answer C.) Career Planning
Which of the following is true regarding the contents of a financial plan?
A.) The length of the presentation should always be the same, regardless of the contents of the plan.
B.) Once the plan is in place, it should not be changed
C.) Checklists are usually a bad idea in the plan
D.) The Plan should have a discussion of how to achieve goals - correct answer D.)
The plan should have a discussion of how to achieve goals
The 6 Steps in the financial management process outline by the authors include the following EXCEPT:
A.) Establish Goals
B.) Collect Data
, C.) Measure Performance
D.) Establish Living Wills - correct answer D.) Establish Living Wills
Which of the following is true regarding risk?
A.) Attitudes towards risk are east to measure
B.) defining the nature of risk is objective for each person
C.) Attitudes about risk are likely to change over a persons lifetime
D.) Risk attitudes are due to factors that are relatively east to deal with - correct answer
C.) Attitudes about risk are likely to change over a persons lifetime
Which of the following statements is true regarding financial objectives?
A.) Good Financial Objectives are stated in aspirational terms
B.) All financial objectives have a short time horizon
C.) After they have been identified, they should be prioritized
D.) Once identified, they do no need to be revisited - correct answer C.) After they
have been identified, they should be prioritized
Which of the following is true regarding developing a financial plan?
A.) This involves budgeting income and expenses
B.) If a client needs an emergency find, no recommendations are needed
C.) Estimating returns should not be needed
D.) The Planner should guard against projections of the client's expected income - correct answer
A.) This involves budgeting income and expenses
Which of the following is true regarding Taxes?
A.) High tax brackets indicate planning opportunities
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller RealGrades. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
