ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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3
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5
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4
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6
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Detailed explanation-1: -There are six stages to develop a financial plan and to carry out personal money management. From beginning to end, a certified financial planner professional guides you through the financial planning process-keeping in view your current financial situation and economic background.
Detailed explanation-2: -The 6 ‘C’s-character, capacity, capital, collateral, conditions and credit score-are widely regarded as the most effective strategy currently available for assisting lenders in determining which financing opportunity offers the most potential benefits.
Detailed explanation-3: -7 decision-making process steps. Though there are many slight variations of the decision-making framework floating around on the Internet, in business textbooks, and in leadership presentations, professionals most commonly use these seven steps.