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Questions and Answers
Which of the following is NOT a tool used in financial planning?
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?
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?
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?
What are the steps involved in creating a financial plan?
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What is the purpose of a break-even analysis in financial planning?
What is the purpose of a break-even analysis in financial planning?
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