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FiCEP Session 1 Exam with accurate detailed answers || || || || || || ||
Financial Counseling is: - ✔✔Unpredictable, creative, interactive, spontaneous, weighing
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options, suggesting solutions
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What are the benefits of counseling credit union employees? - ✔✔Increase productivity, reduce
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absenteeism, increase loyalty, increase benefit enrollment || || || || ||
What is the first step of the change process? - ✔✔Recognize the need for change
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What is the second step of the change process? - ✔✔Gather information and introduce new ideas
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What is the third step of the change process? - ✔✔Revise the plan as needed
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What is the last step of the change process? - ✔✔Make changes part of everyday habits
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What decision-making tools can financial counselors use? - ✔✔Essential obligations, force-field
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analysis, and cost-benefit analysis
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Which spending cycle involves living paycheck to paycheck? - ✔✔Earn/Spend/Earn/Spend
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Members confuse wants with needs: - ✔✔Earn/Spend/Borrow/Spend
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Savings is low on priority list: - ✔✔Earn/Spend/Save
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Saving is a priority with this spending cycle: - ✔✔Earn/Save/Spend
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FiCEP Session 1 Exam with accurate detailed answers || || || || || || ||
Financial Counseling is: - ✔✔Unpredictable, creative, interactive, spontaneous, weighing
|| || || || || || || || ||
options, suggesting solutions
|| ||
What are the benefits of counseling credit union employees? - ✔✔Increase productivity, reduce
|| || || || || || || || || || || || ||
absenteeism, increase loyalty, increase benefit enrollment || || || || ||
What is the first step of the change process? - ✔✔Recognize the need for change
|| || || || || || || || || || || || || ||
What is the second step of the change process? - ✔✔Gather information and introduce new ideas
|| || || || || || || || || || || || || || ||
What is the third step of the change process? - ✔✔Revise the plan as needed
|| || || || || || || || || || || || || ||
What is the last step of the change process? - ✔✔Make changes part of everyday habits
|| || || || || || || || || || || || || || ||
What decision-making tools can financial counselors use? - ✔✔Essential obligations, force-field
|| || || || || || || || || || ||
analysis, and cost-benefit analysis
|| || ||
Which spending cycle involves living paycheck to paycheck? - ✔✔Earn/Spend/Earn/Spend
|| || || || || || || || ||
Members confuse wants with needs: - ✔✔Earn/Spend/Borrow/Spend
|| || || || || ||
Savings is low on priority list: - ✔✔Earn/Spend/Save
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Saving is a priority with this spending cycle: - ✔✔Earn/Save/Spend
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