Many variables may be considered when conducting an examination of an individual's financial competency.Which is not a variable mentioned in the textbook?
A) the assessee's pre-morbid functioning
B) the assessee's past values and preferences
C) the complexity of the finance-related decisions that need to be made
D) the presence of legal challenges to the individual's financial competency

Question

Quizplus · Accepted Answer

The presence of legal challenges to the individual's financial competency is not typically considered a variable in assessing financial competency within the context of psychological or financial assessments. Variables like pre-morbid functioning, past values and preferences, and the complexity of financial decisions are directly related to assessing an individual's ability to manage finances. Legal challenges, however, are outcomes or consequences that might arise from questions about financial competency, rather than factors used to assess it.

Many Variables May Be Considered When Conducting an Examination of an Individual's