ECONOMICS
OPPORTUNITY COST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Financial planning is an ongoing process that looks at your entire financial picture in order to create strategies for achieving your short-and long-term goals.
Detailed explanation-2: -Financial planning is a never-ending process, and with Holistic Investment Planners, you will get a customized and flexible financial plan to help you improve all aspects of your financial life.
Detailed explanation-3: -The final step is monitoring the plan. Just like any other plan, a financial plan will evolve over time and change according to life events. Once the plan is created, it must be monitored with an accountability partner.
Detailed explanation-4: -The most common reasons financial advisors quit are lack of fulfillment, difficulty finding clients, and burnout. Over 90% of financial advisors do not last three years, which means that there is a very low retention rate for financial advisors. To be a successful financial advisor, you need to be able to close a deal.