Question 5 (1 point)

Which of the following best describes a financial plan?

A. It summarizes your current financial condition while preparing for future

expenses

B. an account set up for retirement that

has tax benefits

C. The quantity of money you want to

accumulate

D. The difference between your assets

and liabilities

Question 6 (1 point)

A risk is described by its:

A. Ranking and probability

B. Cost and ranking

C. Cost and impact

D. Probability and impact

Question 7 (1 point)

Which of the following are ways to mitigate risks?

A. Risk acceptance

B. Risk acceptance

C. Risk Mitigation

D. All of the above

Question 8 (1 point)

The risk profile of an investment could be described by:

A. A Gantt chart

B. A Risk Register

C. A cash flow plan

D. A risk matrix