Jonathan Winters Has Developed a Budget That He Follows Each

question 85

Multiple Choice

Jonathan Winters has developed a budget that he follows each month.Jonathan has an envelope for each type of expenditure.After he cashes his paycheck,he puts the amount of cash in each envelope that he plans to spend on that category each month.What type of budget has Jonathan created?

• A)Mental budget
• B)Physical budget
• C)Written budget
• D)Computerized budget
• E)Cloud budget

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Definitions:

Capital

Financial assets or the financial value of assets, such as cash or goods, used to generate income or wealth.

Internal Rate

A financial metric, often referred to as the internal rate of return (IRR), that calculates the profitability of potential investments.

Return

Total monetary flow of an asset as a fraction of its price.

Investment

The action or process of allocating resources, usually money, with the expectation of generating an income or profit.