Final answer:
The three-panel approach does not typically include evaluating investment performance and goals. This is because investment performance evaluation is an ongoing process that is intertwined with both short-term and long-term planning and risk management, rather than a distinct area of its own.
Step-by-step explanation:
The three-panel approach in question likely refers to a framework used within financial planning or business strategy, although the term itself is not standard. While options (a), (b), and (c) from the choices given seem to align with aspects of financial planning—identifying short-term financial liabilities and debt goals, evaluating long-term goals, and managing risk—option (d) is more specifically related to the monitoring and evaluating of investment performance and setting related goals. This should be an ongoing process that may not fit neatly into a 'three-panel' approach that divides financial planning into three distinct areas. Evaluating investment performance should be an integral part of both short-term and long-term assessments and risk management strategies within personal finance or business contexts.
Personal financial literacy, as outlined in the references provided, also includes considering the costs and benefits of various economic actions such as declaring personal bankruptcy, buying insurance, and engaging in charitable giving. These decisions factor into maintaining one's basic needs within a planned budget