Question

question 1
1 pts
personal financial planning is the process of creating and achieving financial goals.
true
false
question 2
1 pts
what is a disadvantage of shared decision making?
exploring multiple viewpoints
discussing the pros and cons of the decision
creating a less impulsive, emotional decision
creating competition between individuals who want to \win\ the decision
question 3
1 pts
what is an example of an inflation risk?
a persons income may drop.
the price of an item can rise or fall.
the rates of interest could rise or fall.
a person might become ill or have another major problem arise.

Explanation:

• Question 1: Personal financial planning indeed involves setting and reaching financial goals, so it's true.
• Question 2: Creating competition among individuals wanting to "win" the decision is a drawback of shared - decision making as it can lead to conflict rather than a good decision. The other options are advantages.
• Question 3: Inflation risk is related to the change in prices. When the price of an item can rise or fall due to inflationary pressures, it is an example of inflation risk. A drop in income is more related to employment or personal - financial issues, interest rate changes are interest - rate risks, and personal health issues are personal risks.

Answer:

Question 1: True
Question 2: creating competition between individuals who want to "win" the decision
Question 3: The price of an item can rise or fall.