Exam (elaborations)
CSM exam 1 Questions and Answers 2025
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Exam of 4 pages for the course Certified Scrum Master at Certified Scrum Master (CSM exam 1)
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CSM exam 1 Questions with Solutions2025
Personal Financial Planning - answerthe process of managing your money to achieve
personal economic satisfaction
Personal Financial Planning Goal - answerto enhance quality of life and increase
satisfaction by reducing uncertainty about future needs and resources
Personal Finance advantages - answereffective managing of resources, control of
financial affairs, improved personal relationships, freedom from financial worry
Level of Living - answerThe way we can afford to live today and make ends meet
Standard of living - answerhow we want to live financially
Financial success - answerthe achievement of financial aspirations that are desired,
planned, or attempted
Steps in the personal financial planning process - answerDetermine current financial
situation
Develop your financial goals
Identify alternative courses of action
Evaluate alternatives
Create and implement the plan
Review and revise the plan
How to determine current financial situation - answerdetermine income, debt, living
expenses, savings
prepare a balance sheet and cash flow statement
mach financial goals to current income and potential earning power
How to develop financial goals - answeridentify your feelings about money
determine the source of your money feelings
determine the effects of economy on your goals
How to identify alternative courses of action - answercontinue course of action
expand or change current situation
take a new course of action
Types of risk - answerinflation, interest, income, personal, liquidity
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