ECONOMICS (CBSE/UGC NET)

ECONOMICS

DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Naomi has decided on several financial goals. What step would be LEAST likely to help her reach her priority goal?
A
Carefully consider each choice and option
B
Do what feel right today
C
List the benefits and obstacles of each goal
D
Identify the goal she most wants to do
Explanation: 

Detailed explanation-1: -Understand the client’s personal and financial circumstances. Identify and select goals. Analyze the client’s current course of action. 14-Aug-2019

Detailed explanation-2: -Get organized. The first step to taking control of your finances is getting organized. Make a budget. Invest in yourself. Save for retirement. Protect your finances. Build an emergency fund. Pay off debt. Invest for the future.

Detailed explanation-3: -Set some priorities. Decide which of these buckets they belong in: essential, important or aspirational. Determine how much you’ll need to save. Now you’re ready to put investment strategies in place to help you pursue your goals. Take into account your time frame for meeting your goals. Review your plan periodically.

Detailed explanation-4: -Make a budget. You can set the greatest goals possible, but it’s pointless if it’s not grounded in reality. Pay off credit card debt. Start an emergency fund. Save for retirement. Save for college. Save for a down payment on a home. Improve your credit score. Pay off student loans. More items •10-Feb-2023

There is 1 question to complete.