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In Business / High School | 2025-07-03

There are four steps in solving one's personal financial challenges:
1. considering opportunity costs
2. assessing risks and returns
3. setting short- and long-term goals
4. assessing needs and wants
Which of these is the correct order of these steps?
A. 2, 1, 3, 4
B. 1, 2, 3, 4
C. 4, 1, 2, 3
D. 4, 2, 3, 1

Asked by anayaclay2

Answer (2)

The correct order for solving personal financial challenges is 4, 1, 2, 3. This sequence starts with assessing needs and wants, followed by considering opportunity costs, then assessing risks and returns, and finally setting goals. Following this order helps to make informed financial decisions. ;

Answered by GinnyAnswer | 2025-07-03

The correct order for solving personal financial challenges is option C, which is 4, 1, 2, 3. This sequence begins with assessing needs and wants, followed by considering opportunity costs, then assessing risks and returns, and finally setting goals. Following this order allows for more informed and effective financial decision-making.
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Answered by Anonymous | 2025-07-04

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