Which of the Following Would Not Be Considered a Need

question 16

Multiple Choice

Which of the following would not be considered a need in the needs-based approach?

• A)burial fund
• B)fund to cover the equity in the home
• C)college education fund
• D)debt retirement fund

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Definitions:

Selling

The process of persuading potential buyers to purchase a product or service.

Administrative Expenses

Costs associated with the general administration of a business, such as salaries of executive officers, legal and professional fees.

Flexible Budget

A budget designed to change in response to variations in volume or activity levels.

Food

A substance consumed by living organisms to provide nutritional support, primarily obtained through plants, animals, or fermentation.