When an Individual or a Family Manages the Ways in Which

question 28

Multiple Choice

When an individual or a family manages the ways in which monies are budgeted, saved, invested, preserved for future life events, and protected against risks, it is called ________.

• A)personal management
• B)corporate finance
• C)corporate management
• D)personal finance

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Definitions:

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded for a given period.

Right Shift

In programming, it refers to an operation that shifts the bits of a binary number to the right, effectively dividing the number by two. In politics, it refers to a move towards more conservative policies.

Monopolistic Competition

A market structure where many companies sell products that are similar but not identical, allowing for competition on factors other than just price, such as branding and quality.

Economics

Social science that analyzes the choices people and governments make in allocating scarce resources.