The Financial Planning Environment, Phenomenon and Process

The Financial Planning Environment, Phenomenon and Process

University

10 Qs

quiz-placeholder

Similar activities

Management Quiz

Management Quiz

University

10 Qs

Data foundations

Data foundations

University - Professional Development

10 Qs

Business research methods

Business research methods

University

15 Qs

FIN368: Chapter 3 - Credit Analysis

FIN368: Chapter 3 - Credit Analysis

University

10 Qs

Planning in Management studies

Planning in Management studies

University

14 Qs

IFP Business Quiz

IFP Business Quiz

University

15 Qs

Thematic Analysis

Thematic Analysis

University

15 Qs

Quiz 1

Quiz 1

University

10 Qs

The Financial Planning Environment, Phenomenon and Process

The Financial Planning Environment, Phenomenon and Process

Assessment

Quiz

Business

University

Medium

Created by

Safwan Mohd Nor

Used 11+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Identify the third step in the six step financial planning process:

Establishing goals and objectives

Developing and presenting the plan.

Implementation of the plan

Analyzing the facts assembled

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Comprehensive financial planning involves the following except:

Taking the client’s interest as more important than the principal’s interest

It involves the presentation of the best plan as provided by the principal.

It studies the total financial position of the client

It integrates all strategies and methodologies into a cohesive plan

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

The following are major components in financial planning covered by different RFP modules by MFPC, except:

Personal financial management – Module 1

Tax Planning – Module 3

Retirement Planning – Module 6

Estate Planning – Module 5

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Following are reasons why people fail to achieve their financial objectives, except:

People tend to procrastinate on non-urgent matters

People tend not to confront unpleasant realities

Many believe the future is best left to ‘God’ and fate

Financial goals requires discipline which is God-given

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Fact finding consists of both quantitative and qualitative data. Identify the wrong match.

Income – quantitative

Assets – quantitative

Risk profile – always quantitative

Net worth – quantitative

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements is/are true?

  1. I. It is usual for financial planners to use a comprehensive approach.

  2. II. Knowing the financial position of a client is important to achieve multiple goals

I only

II only

Neither

Both

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

The concept of economic independence is reflected by which of the following statements:

I. Economic independence means your assets exceed your liabilities

II. Your active income is greater than your expenses

I only

II only

Neither

Both

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?