Which of the Following Is Not True of Unforeseen Expenses

question 72

Multiple Choice

Which of the following is not true of unforeseen expenses?

• A)They rarely occur during retirement.
• B)They can require the use of an emergency fund.
• C)They may require building a cushion to cope with inflation.
• D)They may come in the form of higher than expected prices for goods and services.
• E)They can occur while you are living a tranquil life.

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Definitions:

Henry Fayol

An alternate spelling for Henri Fayol, renowned for pioneering theories on organizational structure and management.

Equity

The concept of fairness and justice within the context of finance, employment, and law, ensuring equal treatment for all.

Pioneering Contributors

Individuals who have made significant foundational contributions in their field of expertise.

Third World Countries

A term originally used to describe countries not aligned with NATO or the Communist Bloc, now often used to refer to developing or low-income countries.