Question

evaluating alternatives

• is the fourth step in creating a personal financial plan
• involves the course of action identified to accomplish the goal which makes sense and is doable
• requires an individual to weigh the, cons and opportunity costs of each course of action

◦ if a course of action is to increase household income by working, but currently more hours cannot be worked, this is not

• feasible • analyzing • pros • more hours

Explanation:

• The first blank is "analyzing" as evaluating alternatives involves analyzing the course of action.
• The second blank is "pros" as when weighing options, one considers pros (advantages), cons (disadvantages), and opportunity costs.
• The third blank is "more hours" as the example is about increasing income by working more hours.
• The fourth blank is "feasible" as if more hours can't be worked, the course of action isn't feasible.

Answer:

1. analyzing
2. pros
3. more hours
4. feasible