Which of the Following Practices Will Help in Dealing with Unexpected

question 82

Multiple Choice

Which of the following practices will help in dealing with unexpected negative "financial shocks"?

• A) Purchasing low-utility products
• B) Accumulating debt
• C) Acquiring assets with low financial value
• D) Setting up an emergency fund
• E) Planning for retirement

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Definitions:

Parenthood

The state or experience of being a parent; involves raising and caring for one's offspring, and encompasses both the biological and emotional aspects.

Subjective Feelings

Personal experiences of emotions or sensations that are influenced by an individual's own perspectives, beliefs, or mental states.

Internal Factors

Influences within an organization or individual that affect their behavior and decisions.

External Factors

Elements outside an individual or system that influence or affect their behavior and outcomes.