Many Financial Experts Advise That You Set Up a Contingency

question 122

Multiple Choice

Many financial experts advise that you set up a contingency fund equal to about ________ of your earnings and keep these funds in highly liquid accounts.

• A) two months
• B) six months
• C) one year
• D) three years

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Definitions:

Path-Goal Leadership Theory

The Path-Goal Leadership Theory posits that leaders can enhance employee performance and satisfaction by clarifying paths to goals, removing obstacles, and providing or increasing rewards for goal achievement.

Directive Leadership

A leadership style where the leader provides clear instructions, expectations, and guidance on what should be done and how it should be done.

Supervisory Leadership

The act of guiding and managing a team or division within an organization through direct oversight and setting clear expectations.

Integrity Leadership

A leadership approach based on honesty and consistency of values, actions, and ethical principles.