Under Which Component of a Financial Plan Would the Following

question 61

Multiple Choice

Under which component of a financial plan would the following decision fall: determining how much you can afford to borrow,the length of the loan,and appropriate interest rate,when considering how to afford your car purchase?

• A)Liquidity
• B)Financing
• C)Budgeting
• D)Credit management

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Definitions:

Work Sampling

A technique used in time and motion study to analyze the proportion of time spent on different activities, based on random samples of observations.

Situational Interviews

A interviewing technique that asks candidates to describe how they would handle specific work-related situations, assessing their problem-solving and decision-making skills.

Assessment Centres

Evaluation platforms where candidates' competencies are measured through various techniques and exercises to determine their suitability for specific roles.

Consumer Surplus

The discrepancy between the total price consumers are prepared and can afford to pay for a product or service compared to the actual amount they end up paying.