FP 101 Week 2 Quiz | eBooks | Education

FP 101 Week 2 Quiz

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FP 101 Week 2 Quiz

https://uoptutorialstore.com/category/fp-101/

 

 

FP 101 Week 2 Quiz

 

Complete the Week 2 Quiz provided by your facilitator.

Submit your Week 2 Quiz as a Microsoft® Word® attachment to the Assignment Files tab.

 

 

 

    1. The stages that an individual goes through based on stages in the family and financial needs is called the

 

 

    1. Financial planning process

 

 

    1. Budgeting procedure

 

 

    1. Adult life cycle

 

 

    1. Personal economic cycle

 

 

 

 

 

 

 

 

    1. The Rule of 72 is

 

 

    1. A tool to determine the number of years until retirement for an employee

 

 

    1. Used to estimate how long it takes for prices to double using a given annual inflation rate

 

 

    1. The legal code for requiring companies to provide a match on retirement savings

 

 

    1. Used to calculate interest rates for savings

 

 

 

 

 

 

 

 

    1. Which is NOT an influence in financial goals?

 

 

    1. Global influences

 

 

    1. Economic conditions

 

 

    1. Interest rates

 

 

    1. Financial intimacy with a partner

 

 

 

 

 

 

 

 

    1. Which is NOT an identifiable financial goal?

 

 

    1. Retirement and estate planning

 

 

    1. Risk management

 

 

    1. Living on a fixed income

 

 

    1. Saving

 

 

 

 

 

 

 

 

    1. Attempts to increase income are part of the __________ component of financial planning.

 

 

    1. Obtaining

 

 

    1. Planning

 

 

    1. Saving

 

 

    1. Spending

 

 

 

 

 

 

 

 

    1. SMART Goals contain all of the following except:

 

 

    1. Specific – knowing exactly what the goals are and how to attain them

 

 

    1. Action Oriented – the bases for the goals

 

 

    1. Manageable – to be able to understand the written goals

 

 

    1. Time based – the time frame needed to reach the goal

 

 

 

 

 

FP 101 Week 2 Quiz https://uoptutorialstore.com/category/fp-101/ FP 101 Week 2 Quiz Complete the Week 2 Quiz provided by your facilitator. Submit your Week 2 Quiz as a Microsoft® Word® attachment to the Assignment Files tab.
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