Question

there are four steps in solving ones personal financial challenges: 1. considering opportunity costs 2. assessing risks and returns 3. setting short- and long-term goals 4. assessing needs and wants which of these is the correct order of these steps? ○ 2, 1, 3, 4 ○ 1, 2, 3, 4 ○ 4, 1, 2, 3 ○ 4, 2, 3, 1

Explanation:

To solve personal financial challenges, the logical order starts with assessing needs and wants (4) to understand what one requires and desires. Next, considering opportunity costs (1) helps evaluate trade - offs. Then, assessing risks and returns (2) is done to make informed financial decisions. Finally, setting short - and long - term goals (3) gives direction. So the correct order is 4, 1, 2, 3.

Answer:

4, 1, 2, 3