Step 3 of the personal financial planning process is "Develop a Plan of Action." According to your text,which of the following is not one of the "common concerns" that should guide all financial plans?
A)Flexibility
B)Long-term profitability
C)Liquidity
D)Protection
E)Minimization of taxes

Question

Quizplus · Accepted Answer

Long-term profitability is not one of the "common concerns" that should guide all financial plans. The typical common concerns include flexibility, liquidity, protection, minimization of taxes, and maximizing income. Long-term profitability is certainly an important goal, but it is not one of the foundational concerns that shape the overall plan of action in personal financial planning.

Step 3 of the Personal Financial Planning Process Is "Develop