there are four steps in solving ones personal financial challenges: 1. considering opportunity costs 2…

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? o 2, 1, 3, 4 o 1, 2, 3, 4 o 4, 1, 2, 3 o 4, 2, 3, 1

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? o 2, 1, 3, 4 o 1, 2, 3, 4 o 4, 1, 2, 3 o 4, 2, 3, 1

Answer

Brief Explanations:

First, one must assess needs and wants to understand financial requirements. Then consider opportunity - costs to know what is given up. Next, assess risks and returns for investment and financial decisions. Finally, set short - and long - term goals based on the above analysis.

Answer:

C. 4, 1, 2, 3