Success in Saving Can Occur by Minimizing Discomfort Through

question 6

Multiple Choice

Success in saving can occur by minimizing discomfort through:

• A)Staying away from stores that result in greater spending than needed.
• B)Saving a fraction of the extra money obtained from raises before the new money enters the spending stream.
• C)Carrying credit cards only for planned expenditures and for vacations.
• D)Dollar cost averaging.
• E)None of the above.

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Definitions:

Economic Resources

Assets or inputs utilized in the production of goods and services, such as labor, land, and capital.

Shareholders' Equity

Shareholders' equity is the residual interest in the assets of a corporation that remains after deducting its liabilities, often referred to as stockholders' equity.

Private Company

A business entity owned by private individuals or entities and not publicly traded on a stock exchange.

Public Company

A company whose shares are traded freely on a stock exchange, making its financial records and activity reports publicly available.