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TCM Always Involves a Four-Step Process with All of the Following

question 31

Multiple Choice

TCM always involves a four-step process with all of the following steps, EXCEPT:


Definitions:

Manage Money

The process of organizing, planning, and controlling financial resources effectively to meet personal or business goals.

Budget

An estimate of income and expenditure for a set period of time.

Fixed Expense

Costs that do not vary in amount and are paid on a regular basis, such as rent or mortgage payments.

Recurring Expense

Ongoing financial obligations that individuals or businesses regularly pay, such as rent, utilities, or subscription services.

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