Budgets Are

question 58

Multiple Choice

Budgets are

• A) useful for businesses, but too restrictive to be used by individuals or households.
• B) a financial plan of projected revenues and expenses.
• C) just another name for cash flow statements.
• D) only helpful to people who earn more than $50,000 per year.

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Definitions:

Premarital Pregnancy

A term referring to pregnancy that occurs before marriage.

Economic Well-Being

A condition that includes the financial security, quality of life, and ability of individuals or communities to meet their basic needs and enjoy a certain standard of living.

Emotional Health

The aspect of health that pertains to managing and understanding emotions, maintaining emotional equilibrium, and recognizing emotional responses.

Split Custody

The children are divided between the parents either by sex or the children’s choice.