Which of the Following Is Not a Key Budgeting Influence

question 76

Multiple Choice

Which of the following is not a key budgeting influence for a personal financial plan?

• A) Change investments from risky stocks to more conservative stocks
• B) Improve near term net cash flow
• C) Reduce debt payments by 50%
• D) Improve long-term net cash flow

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Definitions:

Assumption Of Risk

A legal doctrine that a person may not recover for an injury received when they voluntarily expose themselves to a known danger.

Voluntarily

Voluntarily refers to actions taken out of one's own free will without coercion or obligation from external forces.

Unreasonably

Acting without regard to what is fair, proper, or logical, often leading to harm or injustice.

Negligence Claim

A legal claim arising from failing to act with the level of care that someone of ordinary prudence would have exercised under the same circumstances, leading to harm or damage.