Debt Action Plan Quiz - Knowledge Base

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| By Jamscl
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Jamscl
Community Contributor
Quizzes Created: 3 | Total Attempts: 589
| Attempts: 186
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  • 1/10 Questions

    Education is essential to fulfilling ClearPoint's mission.

    • True
    • False
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About This Quiz

Do you need help in constructing an action plan to get out of debt? Look no further than this awesome quiz to be able to create a successful action plan. What is the reason for your hardship? Do you even know how you got into debt in the first place? When it comes to an action plan, the buck stops here!

Debt Action Plan Quiz - Knowledge Base - Quiz

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  • 2. 

    The following abbreviations should be used with the clients action plan:

    • ACH

    • CBR

    • DMP

    • Abbreviations should not be used

    Correct Answer
    A. Abbreviations should not be used
    Explanation
    Using abbreviations in the client's action plan should be avoided. This is because abbreviations can be confusing and may not be universally understood by all individuals involved in the client's care. It is important to communicate clearly and effectively in order to ensure that everyone involved in the client's treatment understands the plan and can follow it accurately. By avoiding abbreviations, the client's action plan can be communicated in a clear and concise manner, reducing the risk of misinterpretation or confusion.

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  • 3. 

    Copy and pasting is allowable as long as the file does not get audited.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    The given statement is "Copy and pasting is allowable as long as the file does not get audited." The correct answer is "False" because copy and pasting is not allowable even if the file does not get audited. This implies that there are restrictions or policies in place that prohibit copying and pasting, regardless of whether the file is audited or not.

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  • 4. 

    Action plans are required to be generic so that they can fit any client.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    Action plans are not required to be generic in order to fit any client. In fact, action plans are typically tailored to the specific needs and goals of each individual client. By customizing the action plan, it becomes more effective in addressing the unique circumstances and requirements of the client. Therefore, the statement that action plans need to be generic is false.

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  • 5. 

    The action plan does the following with the exception of:

    • Provides education

    • Advises the client of everything they are doing wrong

    • Motivates client

    • Recaps the session

    Correct Answer
    A. Advises the client of everything they are doing wrong
    Explanation
    The action plan includes providing education, motivating the client, and recapping the session. However, it does not involve advising the client of everything they are doing wrong. The purpose of an action plan is to outline specific steps and strategies to help the client achieve their goals, rather than focusing on their mistakes or shortcomings.

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  • 6. 

    The following are the sections of the action plan template with the exception of:

    • Goals

    • Challenges

    • Reason for hardship

    • Options

    • Reccomendations

    Correct Answer
    A. Challenges
    Explanation
    The given answer is "Challenges". The question asks for the sections of the action plan template with the exception of one. The other options listed, such as Goals, Reason for hardship, Options, and Recommendations, are all sections commonly found in an action plan template. Therefore, the section that is not part of the action plan template is Challenges.

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  • 7. 

    Which of the following examples provides the most specific recommendation to the client:

    • Client to cancel cable

    • Client spends too much on cable and needs to eliminate

    • Client would benefit from seeking a cheaper cable alternative

    • Client to contact cable provider and eliminate premium programming and reduce number of cable boxes from 3 down to 1

    Correct Answer
    A. Client to contact cable provider and eliminate premium programming and reduce number of cable boxes from 3 down to 1
    Explanation
    The example "Client to contact cable provider and eliminate premium programming and reduce number of cable boxes from 3 down to 1" provides the most specific recommendation to the client. It not only suggests contacting the cable provider but also specifies the actions the client should take, which are eliminating premium programming and reducing the number of cable boxes from 3 to 1. This recommendation is more detailed and actionable compared to the other examples, which only mention the need to cancel cable or seek a cheaper alternative without providing specific steps.

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  • 8. 

    A good example of a client's goal is "I want to get out of debt."

    • True

    • False

    Correct Answer
    A. False
    Explanation
    A good example of a client's goal is "I want to get out of debt." This statement is true because it clearly states a specific goal that the client wants to achieve, which is to become debt-free. Setting clear goals is an important step in financial planning and can help clients prioritize their actions and make informed decisions to achieve their desired outcome.

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  • 9. 

    A successful action plan does the following: ( check all that apply)

    • Client will have a task list of actions

    • Client will be working in a positive direction for change

    • Client will feel that there is no hope

    • Client will have an understanding of the issues at hand

    Correct Answer(s)
    A. Client will have a task list of actions
    A. Client will be working in a positive direction for change
    A. Client will have an understanding of the issues at hand
    Explanation
    A successful action plan includes a task list of actions for the client to follow, ensuring that they have a clear roadmap towards their goals. Additionally, the client will be motivated and working in a positive direction for change, indicating their commitment and determination. Lastly, the client will have an understanding of the issues at hand, which is crucial for developing effective strategies and making informed decisions.

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  • 10. 

    The R in smart goals stands for Rational goals.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    The R in SMART goals actually stands for "Realistic" goals, not "Rational" goals. SMART is an acronym that stands for Specific, Measurable, Achievable, Relevant, and Time-bound. The purpose of setting realistic goals is to ensure that they are attainable and can be accomplished within a specific timeframe.

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Quiz Review Timeline (Updated): Mar 21, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 21, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Jul 07, 2012
    Quiz Created by
    Jamscl
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