A. Match the step in the personal financial planning process in column A with its description in column B by writing the capital letter on the left side of column A. (A) Personal Planning process stop Data Gathering Financial (B) Description A. Periodic review of the financial plan to evaluate changing market conditions (i.e. economic conditions, taxes, interest rates etc.) B. Quantifying monetary objectives with definite time frames. Prioritizing objectives. C. Using surveys, interviews to gather quantitative and qualitative information from the individual D. Analysis of the individual's financial position and cash flows. Review of legal papers. Evaluation of objectives vis-à-vis the client's resources and economic 2 Financial Plan Recommendation Plan Monitoring questionnaires and Objective Setting 4 conditions. Data Analysis E. Financial products will be proposed. At this point, the individual can comment on the solutions proposed.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
icon
Related questions
Question
2:16
O N Full 31
Finance is the foundation of Business
Learning Activity
A. Match the step in the personal financial planning process in column A with its description
in column B by writing the capital letter on the left side of column A.
(A) Personal
Financial
(B) Description
Planning process step
Data Gathering
A. Periodic review of the financial plan to
evaluate changing market conditions (i.e.
economic conditions, taxes, interest rates
1
etc.)
B. Quantifying monetary objectives with
definite time frames. Prioritizing objectives.
C. Using surveys,
interviews to gather quantitative and
qualitative information from the individual
D. Analysis of the individual's financial
position and cash flows. Review of legal
papers. Evaluation of objectives vis-à-vis
the client's resources and economic
conditions,
E. Financial products will be proposed. At this
point, the individual can comment on the
solutions proposed.
Financial Plan Recommendation
3
Plan Monitoring
questionnaires
and
4
Objective Setting
5
Data Analysis
Match the key area of personal financial planning in column A with its description in column
by writing the capital letter on the left side of column A.
(C) Personal
Planning process step
Financial
(D) Description
1
Financial Position
Planning on wealth accumulation for large
purchases such
as
house, educational
expenses, investments for retirement etc.
G. Management of when and how much taxes will
be paid.
H. Analysis of protection needed for unforeseen
risks.
I. Understanding of personal resources by
checking an individual's net worth and cash
flow.
J. Understanding the cost of retirement. Analysis
of cash flows to come up with investment
plans that will meet the costs of retirement in
the future.
Tax Planning
3
Retirement Planning
4
Adequate Protection
Investment and Accumulation
Goals
ASSESSMENT
Assume you are 18 years old and you were able to save PHP50, 000. Given what
you've learned on portfolio diversification, how will you allocate your savings to bank time
deposit and stocks (i.e. 100%-0%, 50%-50%, etc.)? Explain your answer.
Congratulations! You have completed the entire module of Business Finance.
94
Page
98
| 106.
Transcribed Image Text:2:16 O N Full 31 Finance is the foundation of Business Learning Activity A. Match the step in the personal financial planning process in column A with its description in column B by writing the capital letter on the left side of column A. (A) Personal Financial (B) Description Planning process step Data Gathering A. Periodic review of the financial plan to evaluate changing market conditions (i.e. economic conditions, taxes, interest rates 1 etc.) B. Quantifying monetary objectives with definite time frames. Prioritizing objectives. C. Using surveys, interviews to gather quantitative and qualitative information from the individual D. Analysis of the individual's financial position and cash flows. Review of legal papers. Evaluation of objectives vis-à-vis the client's resources and economic conditions, E. Financial products will be proposed. At this point, the individual can comment on the solutions proposed. Financial Plan Recommendation 3 Plan Monitoring questionnaires and 4 Objective Setting 5 Data Analysis Match the key area of personal financial planning in column A with its description in column by writing the capital letter on the left side of column A. (C) Personal Planning process step Financial (D) Description 1 Financial Position Planning on wealth accumulation for large purchases such as house, educational expenses, investments for retirement etc. G. Management of when and how much taxes will be paid. H. Analysis of protection needed for unforeseen risks. I. Understanding of personal resources by checking an individual's net worth and cash flow. J. Understanding the cost of retirement. Analysis of cash flows to come up with investment plans that will meet the costs of retirement in the future. Tax Planning 3 Retirement Planning 4 Adequate Protection Investment and Accumulation Goals ASSESSMENT Assume you are 18 years old and you were able to save PHP50, 000. Given what you've learned on portfolio diversification, how will you allocate your savings to bank time deposit and stocks (i.e. 100%-0%, 50%-50%, etc.)? Explain your answer. Congratulations! You have completed the entire module of Business Finance. 94 Page 98 | 106.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON