FP-1.01, financial planning 1 unit 1
UPDATED ACTUAL Exam Questions and
CORRECT Answers
ABC Principle - CORRECT ANSWER - A method used to rank goals in order of
importance; goals identified with an "A" are most important, "B" signifies somewhat important,
and "C" represents least important
Free Time - CORRECT ANSWER - Time that is free of scheduled or planned duties and
responsibilities
Goals - CORRECT ANSWER - Statements that you make, telling yourself what you want
to achieve
Objectives - CORRECT ANSWER - Concrete tasks that help you on your way to
achieving your goals
Prioritize - CORRECT ANSWER - To determine the order for completion of activities
based on their importance
Procrastination - CORRECT ANSWER - Putting off until tomorrow what could have been
done today
Stress - CORRECT ANSWER - A mental, physical, or emotional feeling of pressure or
tension
Time Log - CORRECT ANSWER - A detailed record of how you spend your time
Time Management - CORRECT ANSWER - How people use the 24 hours in their day
UPDATED ACTUAL Exam Questions and
CORRECT Answers
ABC Principle - CORRECT ANSWER - A method used to rank goals in order of
importance; goals identified with an "A" are most important, "B" signifies somewhat important,
and "C" represents least important
Free Time - CORRECT ANSWER - Time that is free of scheduled or planned duties and
responsibilities
Goals - CORRECT ANSWER - Statements that you make, telling yourself what you want
to achieve
Objectives - CORRECT ANSWER - Concrete tasks that help you on your way to
achieving your goals
Prioritize - CORRECT ANSWER - To determine the order for completion of activities
based on their importance
Procrastination - CORRECT ANSWER - Putting off until tomorrow what could have been
done today
Stress - CORRECT ANSWER - A mental, physical, or emotional feeling of pressure or
tension
Time Log - CORRECT ANSWER - A detailed record of how you spend your time
Time Management - CORRECT ANSWER - How people use the 24 hours in their day
