BUSI 352 MIDTERM EXAM LIBERTY UNIVERSITY
COMPLETE SOLUTIONS VERIFIED GRADED A+
2026
◉ Usual financial planning goals include the following except
a. retirement funding
b. current lifestyle
c. career planning
d. estate planning. Answer: c
◉ A client's formal financial planning report that summarizes all of the
following except
a. strategy- how the client gets where he or she wants
b. turnover- when and how the client will sell certain investments
c. analysis- where the client is now
d. objectives- where the client wants to be. Answer: b
◉ which of the following is true regarding the types of financial
problems clients will face in their lives
a. taxes add to the cost of an investment and slow progress toward the
client's goals
b. the inability to quickly turn invested capital into spendable cash is
related to inflation
, c. clients should not be concerned about leaving assets to children or
young adults
d. psychological comfort has no place in the financial planning process.
Answer: a
◉ which of the following is true regarding the contents of the financial
plan
a. the length of the presentation of the plan should always be the same
regardless of the contents of the plan
b. once the plan is in place it should not be changed
c. checklists are usually a bad idea in the plan
d. the plan should have a discussion of how to achieve goals. Answer: d
◉ The six steps in the financial management process outlined by the
authors include the following except:
a. Establish goals
b. Collect data
c. Measure performance
d. Establish living wills. Answer: d
◉ Which of the following is true regarding risk?
a. Attitudes toward risk are easy to measure
b. defining the nature of risk is objective for each person
COMPLETE SOLUTIONS VERIFIED GRADED A+
2026
◉ Usual financial planning goals include the following except
a. retirement funding
b. current lifestyle
c. career planning
d. estate planning. Answer: c
◉ A client's formal financial planning report that summarizes all of the
following except
a. strategy- how the client gets where he or she wants
b. turnover- when and how the client will sell certain investments
c. analysis- where the client is now
d. objectives- where the client wants to be. Answer: b
◉ which of the following is true regarding the types of financial
problems clients will face in their lives
a. taxes add to the cost of an investment and slow progress toward the
client's goals
b. the inability to quickly turn invested capital into spendable cash is
related to inflation
, c. clients should not be concerned about leaving assets to children or
young adults
d. psychological comfort has no place in the financial planning process.
Answer: a
◉ which of the following is true regarding the contents of the financial
plan
a. the length of the presentation of the plan should always be the same
regardless of the contents of the plan
b. once the plan is in place it should not be changed
c. checklists are usually a bad idea in the plan
d. the plan should have a discussion of how to achieve goals. Answer: d
◉ The six steps in the financial management process outlined by the
authors include the following except:
a. Establish goals
b. Collect data
c. Measure performance
d. Establish living wills. Answer: d
◉ Which of the following is true regarding risk?
a. Attitudes toward risk are easy to measure
b. defining the nature of risk is objective for each person
