1. What is the first step in the financial planning process?

		Gather data
		Communicate investment objectives to client.
		Identify household spending
		Identify household goals and needs
		none of the above

QUESTION 5

1. What are financing activities?

		the cash left over after our operating, capital expenditures, and debt activities.
		Outlays on household related matters that provide benefit beyond the current year.
		The day-to-day financial functions of the household.
		Cash flows that come from changes in debt.
		none of the above