Question

Sophia Martin knows that if she continues to work full time, it will be difficult for...

Sophia Martin knows that if she continues to work full time, it will be difficult for her to get the time off she needs to be able to travel around the world. However, if she continues to work full time she will more easily earn the money she needs to take her trip and still have money left for her living expenses after she gets back from her trip. Which step in the financial planning process does this scenario demonstrate?

Developing her financial goals

Determining her current financial situation

Evaluating her alternatives

Implementing her financial plan

Identifying alternative courses of action
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Homework Answers

Answer #1

This is an example of consequences of choices which will be considered under evaluation of her alternatives and consequences of decision she will be making which will impact the overall financial goals like if she is investing, she will not have the liberty of going onto occasion.

Other options are false because it is not have financial goal or current financial situation or implementation of the plan.

Correct answer will be option (C) evaluating her alternatives.

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