test bank for PFIN 8th Edition by Randall Billingsley Verified Chapters 1 – 15, Complete Newest Version
Chapter 1-15 Answers are at the end of Each Chapter
chapter 1
Indicate whether the statement is true or false.
1. Saving $400 for a large, flat-screen TV within the next four months is an example of a short-term goal.
a. True
b. False
2. Commission-based financial planners charge fees based on the complexity of the plan they prepare.
a. True
b. False
3. In the United States, salaries tend to be higher in the Northeast and West than in the South.
a. True
b. False
4. Setting long- and short-term career goals helps in career planning.
a. True
b. False
5. Financial planning takes place in a dynamic economic environment created by the actions of the government, business,
and consumers.
a. True
b. False
6. You should discuss your financial goals and attitudes toward money with your partner.
a. True
b. False
7. Accumulating wealth for later years is called estate planning.
a. True
b. False
8. It is easy to change your partner’s financial style, so there is no need for financial planning to resolve conflicts
regarding money matters.
a. True
