Tools & Techniques Of Financial Planning 8th Edition College Course Materials

TOOLS & TECHNIQUES OF FINANCIAL PLANNING 8th Edition College Course Materials Chapter 1 True or False: 1.One definition of financial planning is cash flow planning. 2.A good financial plan is one that shows the client how to achieve all his or her goals. Answers: 1.True 2.False: the client must prioritize, and may even have to sacrifice some goals to achieve others. Multiple Choice: 1. A good financial planning report must include an analysis of all 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 Answer: C TOOLS & TECHNIQUES OF FINANCIAL PLANNING 8th Edition College Course Materials Chapter 2 True or False:1.Clients are best served by a financial planning team with expertise in different fields rather than a single advisor. 2.The authors suggest that risk/reward principles must include both economic and psychological considerations. 3.The truly professional advisor will continue his/her education though various means, including joining organizations such as FPA, NAPFA, etc. 4.Clients who have a chance to participate in the financial planning process are more likely to resent paying for the services of the advisors. Answers: 1.True 2.True 3. True 4. False TOOLS & TECHNIQUES