Exam 1: Understanding the Financial Planning Process

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Instructions : Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. The average American starting a career today can expect to have at least [ seven  | ten ] jobs during his or her lifetime.

(Short Answer)
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Standard of living is defined as the necessities, comforts, and luxuries desired by an individual or a family.

(True/False)
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Stocks, bonds, and mutual funds are _____ assets.

(Multiple Choice)
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_____ is an important part of the conflict resolution process when there are disputes relating to money matters in families.

(Multiple Choice)
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