BUSI 352 Final Exam
A good financial planning report must include an analysis of all 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
Usual financial planning goals include the following except:
A. retirement funding
B. Current lifestyle
C. Career planning
D. Estate planning
A client's formal Financial planning report that summarizes all of the following except:
A. strategy - how the client gets where he or she wants
B. Turnover - when and how the client will sell certain investments
C. Analysis - where the client is now
D. Objectives - where the client wants to be
All of the following is true regarding the types of financial problems clients will face in
their lives?
A. taxes add to the cost of an investments and slow progress toward the client's goals
B. The inability to quickly turn invested capital into spendable cash is related to inflation
C. Clients should not be concerned about leaving to assets to children or young adults
D. Psychological comfort has no place in the financial planning process
Which of the following is true regarding the contends of the financial plan?
A. The length of the presentation of the plan 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
The six steps in the financial management process outlined by the authors include the
following except: