Short-Term Planning Should Include Creating and Maintaining an Emergency Fund

question 78

True/False

Short-term planning should include creating and maintaining an emergency fund with at least 6 months' worth of income.

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Definitions:

GDP

Gross Domestic Product; a monetary measure of the market value of all final goods and services produced in a country during a specific period.

Modernization

The process through which societies transform economically, socially, and culturally to adopt the characteristics of modern societies.

Anthropological Approach

A method in anthropology that involves the study of human societies, cultures, and their development.

Better World

The concept refers to an ideal or improved state of the world where social, economic, and environmental conditions are enhanced for the wellbeing of all its inhabitants.