14) Three types of risk management tools mentioned are tol a) transfer, retain, diversify b) transfer, replenish, diversify c) share, diversify, regain d) share, transfer, regain e) reduce loss, diversify, regain. 15) In comparing term with whole life insurance: a) term is more expensive initially. advisable to consider buying whole life and invest the difference between the costs of the two types of policies in the market. c) whole life premiums go up sharply over time. d) term has no cash or investment value. e whole life is more attractive to hold if you expect to cash it in within a few years. 16) Which answer is best concerning sensitivity analysis a) it only helps people who are sensitive to taking risk. b) it is the best approach for creating strengths and weaknesses. c) it is the best approach for creating opportunities and threats. d) it indicates how all relevant factors are affected when many variables are changed at the same time. e) it indicates how all relevant factors are affected when one variable at a time is changed. 17) As indicated the benefits of a financial plan include all but which one of the following a) it gives structure. b) it is a document to refer back to c) it can set the stage for consideration of integration after the plan is completed and implemented d) it is a starting place - a base - for adjustments which occur later e) it can force an ordering of priorities 18) Integration in a financial planning sense according to the book best means a) incorporation only of return and correlation b) including correlations but not direct risk in decision making c) incorporating all financial and behavioral needs in decision making d) taking into account money planning, behavioral and retirement planning needs each only on a separate basis. e) including all thoughts but not actions