When Estimating Expenses for a Budget

question 26

Multiple Choice

When estimating expenses for a budget,

• A) last month's and last year's expenses are not a good starting point.
• B) many of the same expenses do not occur each month.
• C) large unusual expenses such as car or hospital bills should be included.
• D) estimating your future assets is a good starting point.

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Definitions:

Self-Concept

A person's self-view, including their thoughts, feelings, and awareness of their own skills and characteristics.

Schwartz's Values Model

A theoretical model developed by Shalom H. Schwartz, representing universal human values as motivations and guiding principles for behavior.

Openness To Change

The willingness or propensity of individuals or organizations to adapt to new ideas, practices, or conditions.

Conservation

The act of preserving, protecting, or restoring natural resources and the environment.