FRM Final#3 with All Correct & 100% Verified Answers
|Latest Update |Already Graded A+
Alternative plans that are created simultaneously with the original plan in anticipation of the
possibility of problems are known as _____ ✔Correct Answer-contingency plans
The planning process begins with ___ ✔Correct Answer-the decision
Perceived acceptable levels of adequacy that has an impact on goals is a(n) _____ ✔Correct
Answer-standard
In group situations, a plan of action may be implemented and members are asked to generate
possible solutions. This approach is known as__ ✔Correct Answer-brainstorming
Intermediate goals will be accomplished in _ ✔Correct Answer-less than 1 year
Something that one wishes to reach, or accomplish within a certain timeframe, is a(n) __ ✔Correct
Answer-goal
A subset of a goal and used as a checkpoint to measure progress toward goal achievement is a(n)
______. ✔Correct Answer-objective
As protection against disastrous events such as fire or major illness and in addition to having
emergency funds available, families should also make plans for ✔Correct Answer-insurance
protection
The characteristics of a good financial plan include all EXCEPT _____ ✔Correct Answer-exclusivity
Careers typically peak after age ✔Correct Answer-55
Homeowner's insurance covers the replacement of the dwelling and also may cover all EXCEPT
✔Correct Answer-loss of life due to natural disaster
Margaret recently found out that she is pregnant. Although she wasn't planning to have a child, her
adjustment to this new transition will be easier if she ✔Correct Answer-is optimistic
Estate planning involves being aware of the __ ✔Correct Answer-changes within the tax system
Plans that require the support of family members are vulnerable to ______ ✔Correct Answer-
attitudes and behaviors of the member
A living will is designed to ___ ✔Correct Answer-allow a health care proxy to make life support
decisions
A legal document that explains how an individual wants to distribute his/her assets upon death is
known as ___ ✔Correct Answer-a will
When goals are blocked or threatened by family members' emotional reactions such as anxiety or
anger, it is known as ____ ✔Correct Answer-affect regulation
|Latest Update |Already Graded A+
Alternative plans that are created simultaneously with the original plan in anticipation of the
possibility of problems are known as _____ ✔Correct Answer-contingency plans
The planning process begins with ___ ✔Correct Answer-the decision
Perceived acceptable levels of adequacy that has an impact on goals is a(n) _____ ✔Correct
Answer-standard
In group situations, a plan of action may be implemented and members are asked to generate
possible solutions. This approach is known as__ ✔Correct Answer-brainstorming
Intermediate goals will be accomplished in _ ✔Correct Answer-less than 1 year
Something that one wishes to reach, or accomplish within a certain timeframe, is a(n) __ ✔Correct
Answer-goal
A subset of a goal and used as a checkpoint to measure progress toward goal achievement is a(n)
______. ✔Correct Answer-objective
As protection against disastrous events such as fire or major illness and in addition to having
emergency funds available, families should also make plans for ✔Correct Answer-insurance
protection
The characteristics of a good financial plan include all EXCEPT _____ ✔Correct Answer-exclusivity
Careers typically peak after age ✔Correct Answer-55
Homeowner's insurance covers the replacement of the dwelling and also may cover all EXCEPT
✔Correct Answer-loss of life due to natural disaster
Margaret recently found out that she is pregnant. Although she wasn't planning to have a child, her
adjustment to this new transition will be easier if she ✔Correct Answer-is optimistic
Estate planning involves being aware of the __ ✔Correct Answer-changes within the tax system
Plans that require the support of family members are vulnerable to ______ ✔Correct Answer-
attitudes and behaviors of the member
A living will is designed to ___ ✔Correct Answer-allow a health care proxy to make life support
decisions
A legal document that explains how an individual wants to distribute his/her assets upon death is
known as ___ ✔Correct Answer-a will
When goals are blocked or threatened by family members' emotional reactions such as anxiety or
anger, it is known as ____ ✔Correct Answer-affect regulation
