Which of the Following Is a Correct Order for Man's

question 97

Multiple Choice

Which of the following is a correct order for man's life stages as described by the Dharmashastras?

• A) Forest dweller, apprentice, householder and renunciant
• B) Householder, apprentice, renunciant and forest dweller
• C) Renunciant, forest dweller, householder and apprentice
• D) Apprentice, householder, forest dweller and renunciant

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Definitions:

Disbursement Float

The time between when a payment is issued by a company and when the funds are actually withdrawn from the company's bank account.

Average Amount

The average amount is the sum of figures divided by the number of figures, used to find the central or typical value in a set of data.

Cheques Clear

The process by which a bank verifies the funds available in the account of the check issuer and transfers the specified amount to the recipient's account.

Miller-Orr Model

A financial management model that helps firms manage cash balances by setting upper and lower limits on cash reserves.