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Financial Planning Tools and Concepts Quiz
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Financial Planning Tools and Concepts Quiz

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@HonoredMaroon

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Questions and Answers

Which of the following is NOT a tool used in financial planning?

  • Budget and Cost Projections
  • Business plans (correct)
  • Financial statements
  • Break-Even Analysis

    • What is the first thing some people do when they receive money?

  • Set aside their savings (correct)
  • Save the excess amount
  • Allocate a budget
  • Make a list of their expenses

    • What is money considered to be for most people?

  • A means of allocating a budget
  • A means of saving
  • A means of buying things (correct)
  • A means of planning

    • What are the steps involved in creating a financial plan?

    <p>Financial statements, financial planning process, financial plans</p> Signup and view all the answers

    What is the purpose of a break-even analysis in financial planning?

    <p>To determine the point at which revenue equals expenses</p> Signup and view all the answers

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