ENTREPRENEURIAL PLANNING
FINANCIAL PLANNING AND ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which statement is not one of the components that should be include in the financial plan?
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Setting aside money for season tickets to your favorite football team.
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Planning your retirement
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Budgeting
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Investing your money
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Explanation:
Detailed explanation-1: -Financial goals. Net worth statement. Budget and cash flow planning. Debt management plan. Retirement plan. Emergency funds. Insurance coverage. Estate plan.
Detailed explanation-2: -Budgeting and taxes. Managing liquidity, or ready access to cash. Financing large purchases. Managing your risk. Investing your money. Planning for retirement and the transfer of your wealth. Communication and record keeping.
There is 1 question to complete.