The simple objective of financial planning is to make the best use of your resources to achieve your financial goals.

Question

Question 5 options:

True

False
Question 6 (2 points)
An example of an opportunity cost is the cost of tuition while attending college instead of the hourly rate you could earn from being employed.
Question 6 options:

True

False

Answer 1

Question 5: True
The simple objective of financial planning is indeed to make the best use of your resources to achieve your financial goals.

Question 6: True
An opportunity cost is the cost of what you give up when you make a decision, such as the potential earnings from a job while attending college instead of working.