Lynn Roy wants to travel around the world.Lynn Roy has several options she can pursue.She can continue to work full time to earn the money she needs for her trip.She can work part time so that she can still earn some money but have the time necessary to complete her trip.She can take full retirement so that she has all the time necessary to complete her trip.Which step in the financial planning process does this scenario demonstrate?
A)Determining her current financial situation
B)Developing her financial goals
C)Identifying alternative courses of action
D)Evaluating her alternatives
E)Implementing her financial plan

Question

Quizplus · Accepted Answer

This scenario demonstrates Lynn Roy identifying alternative courses of action. She is considering different options for earning money and having time to complete her trip, which is a key step in the financial planning process. Determining her current financial situation and developing her financial goals may have already been completed before reaching this point. Evaluating alternatives and implementing a financial plan would come later in the process.

Lynn Roy Wants to Travel Around the World