The Assembled Delegates at the Second Continental Congress

question 21

Multiple Choice

The assembled delegates at the Second Continental Congress

• A) called for a truce in the hostilities with the British.
• B) demanded participation in Parliament's policy-making processes.
• C) empowered Congress to function as an independent government.
• D) adopted the Declaration of Rights and Grievances.
• E) All of these answers are correct.

Define and apply the SMART criteria to financial goal setting.

Understand discretionary income and its importance in financial planning.

Recognize common long-term liabilities.

Identify different types of expenses (fixed, variable, discretionary).

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Definitions:

Constant

A value that remains unchanged throughout the execution of a process or formula.

Poisson Random Variable

A random variable that represents the number of events occurring in a fixed interval of time or space, where these events occur with a known constant mean rate and independently of the time since the last event.

Discrete Random Variable

A random variable that can take on a countable number of distinct values, often representing quantities that can be enumerated.

Continuous Random Variable

A variable that can take on an infinite number of values within a given range, representing outcomes of a random process.