When the Client's Future Seems Particularly Uncertain,it Is Helpful to Develop

question 7

Multiple Choice

When the client's future seems particularly uncertain,it is helpful to develop ____.

• A)ready-made plans
• B)stress-reducing plans
• C)contingency plans
• D)an exercise plan

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Definitions:

Liability Account

A financial accounting term for amounts owed by a business to creditors or others, usually categorized as current or long-term.

Asset Account

An account that records the value of resources owned by an entity which have economic value and can provide future benefits.

Capital

Financial resources or assets owned by a business or individual used for creating wealth or generating income.

Net Sales

The final sales figure a company reports, after deducting returns, discounts, and compensations for damaged or missing products from its total sales.