Preparing and Living with a Personal Budget Is

question 249

Multiple Choice

Preparing and living with a personal budget is:

• A) not necessary if your have sufficient income.
• B) similar to activities needed to handle the finances of a small business.
• C) often more trouble than the benefits justify.
• D) an excellent technique to prepare for a career in accounting.

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Definitions:

Cognitive Development

The development of cognitive functions, such as memory, problem-solving, and making decisions, from early childhood, through the teenage years, into adult life.

Cognitive Abilities

The mental capabilities that involve reasoning, problem-solving, planning, abstract thinking, complex idea comprehension, learning from experience, and adapting to changes.

Cognitive Abilities

Mental skills that include thinking, problem-solving, decision-making, and the ability to remember and learn.

Stage-like Manner

Describes a process of development or learning that occurs in distinct and separate phases.