Which of the Following Goals Would Be the Easiest to Implement

question 60

Multiple Choice

Which of the following goals would be the easiest to implement and measure its accomplishment?

• A)"Reduce our debt payments."
• B)"Save funds for an annual vacation."
• C)"Save $50 a month to create a $2,000 emergency fund."
• D)"Invest $1,200 a year for retirement."
• E)"Increase our emergency fund."

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Definitions:

Accidental Sale

A transaction where goods or services are sold unintentionally, often due to a misunderstanding or mistake.

Profit Margin

A financial metric used to assess a company's profitability by comparing net income to sales.

Fair Market Value

An estimate of the market value of a property or asset, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller.

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing and signed by the parties involved to be enforceable.