Why is knowledge of actual human behavior arguably more important for Personal Financial Planning (PFP) than...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Why is knowledge of actual human behavior arguably more important for Personal Financial Planning (PFP) than for any other area of finance? Both closeness to human actions and practicality are correct. Due to PFP's closeness to human actions. Due to PFP's emphasis on practicality. All of the responses are correct. Due to the irrational nature of most personal finance decisions. Why is knowledge of actual human behavior arguably more important for Personal Financial Planning (PFP) than for any other area of finance? Both closeness to human actions and practicality are correct. Due to PFP's closeness to human actions. Due to PFP's emphasis on practicality. All of the responses are correct. Due to the irrational nature of most personal finance decisions. Why is knowledge of actual human behavior arguably more important for Personal Financial Planning (PFP) than for any other area of finance? Both closeness to human actions and practicality are correct. Due to PFP's closeness to human actions. Due to PFP's emphasis on practicality. All of the responses are correct. Due to the irrational nature of most personal finance decisions. Why is knowledge of actual human behavior arguably more important for Personal Financial Planning (PFP) than for any other area of finance? Both closeness to human actions and practicality are correct. Due to PFP's closeness to human actions. Due to PFP's emphasis on practicality. All of the responses are correct. Due to the irrational nature of most personal finance decisions.
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provided below The correct answer is Both closeness to ... View the full answer
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
Posted Date:
Students also viewed these banking questions
-
Law is a pervasive part of our lives; regulations shape our daily activities, govern our interactions with one another and our relationships to the planet and to other nations. Often our legal...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Read the following article and answer the questions below: Building Competitive Advantage Through People Magazine: Winter 2002Research Feature January 15, 2002 Reading Time: 23 min Christopher A....
-
Management is responsible for establishing effective internal control for its organization, including measures to prevent, deter, and detect fraud. Appendix 7A on pages 294296 describes antifraud...
-
If a sample of a radioactive isotope has a half-life of 1 year, how much of the original sample will be left at the end of the second year? At the end of the third year? At the end of the fourth year?
-
Journalize the adjusting entry on December 31, 2015, for Bad Debts Expense, which is estimated to be 9% of net credit sales. The income statement approach is used. The following information is given:...
-
Use the data in Exercise 21 in Section 13.1 for the following. a. Compute a point estimate of the mean lifespan of butterflies with a wingspan of 30 millimeters. b. Construct a 95% confidence...
-
Giant Jets is a French company that produces jet airplanes for commercial cargo companies. The selling price (in euros) per jet is 1,000,000. Currently the company uses actual volumes to allocate...
-
1. Create the table you will need for this problem set by running this SQL command in the APEX SQL command window: create table euro data as(select * from WKSP_ORAGARRITAT01.euro_data); This will...
-
Which series has the highest beta. BraveNewCoin Liquid Index for Bitcoin 1D BNC Trading Brave Ne Yellow Green Blue Orange
-
1. A large national survey shows that the waiting times for fast food restaurants is approximately normally distributed with a mean of = 3.4 minutes and a standard deviation of = 0.6 minutes. A...
-
What is synthetic crude oil?
-
Which of the following are defined as exploration costs? a. Drilling and equipping exploratory wells b. Drilling exploratory-type stratigraphic test wells c. Dry-hole contributions d. Bottom-hole...
-
Which of the following is true about complex procedural logic in a use case diagram? (a) It cannot be represented in a use case diagram (b) It is enclosed within a box (c) It may be conditional (d)...
-
Costs paid on or before the anniversary date of the lease during the primary term in order to delay drilling operations for a year are referred to as ___________. a. Ad valorem costs b. Shooting...
-
A ___________ is paid only if a well is dry. a. Bonus b. Dry-hole contribution c. Bottom-hole contribution d. Delay contribution e. None of these
-
The CFO of MM Co has two alternatives to invest Amount of investment $ Alternative A: to invest all the funds in 100,000 4.00% Swiss Francs per US$ a one year US Treasury bills offering Alternative...
-
Aztec Furnishings makes hand-crafted furniture for sale in its retail stores. The furniture maker has recently installed a new assembly process, including a new sander and polisher. With this new...
-
Why did Pioneer Petroleum, a company following a differentiation strategy, have so many process objectives and measures relating to cost reduction and productivity?
-
Relevant costs and equipment replacement decision Anderson Department Stores is considering the replacement of the existing elevator system at its downtown store. A new system has been proposed that...
-
What is an appropriation? Give an example of one in a university.
-
Consider a bivariate time series \(\boldsymbol{z}_{t}\), where \(z_{1 t}\) is the change in monthly U.S. treasury bills with maturity 3 months and \(z_{2 t}\) is the inflation rate, in percentage, of...
-
Consider the growth rates, in percentages, of the quarterly real GDP of United Kingdom, Canada, and the United States used in the chapter. Fit a VAR(4) model to the series, simplify the model by...
-
Consider the U.S. quarterly gross private saving (GPSAVE) and gross private domestic investment (GPDI) from first quarter of 1947 to the third quarter of 2012. The data are from the Federal Reserve...
Study smarter with the SolutionInn App