Question

creating a financial plan

• involves the following steps

◦ the financial situation
◦ setting financial goals
◦ courses of action
◦ evaluating
◦ finalizing the plan
◦ implementing the plan
◦ and revising the plan
:: alternatives :: reviewing :: identifying :: determining

Explanation:

• The first step in creating a financial plan is to understand the current financial situation, which is done by identifying it.
• After setting goals, the next logical step is to figure out what actions can be taken, which is determining courses of action.
• When evaluating, one looks at different possibilities, so it's evaluating alternatives.
• The last step in the cycle of a financial plan (after implementation) is to check on it and make changes if needed, which is reviewing and revising.

Answer:

1. identifying
2. determining
3. alternatives
4. reviewing