What Elements Are Found in an Effective Financial Plan

question 22

Multiple Choice

What elements are found in an effective financial plan?

• A)Flexibility to allow for changes in your situation
• B)Sufficient liquidity to meet unexpected needs
• C)Insurance protection from catastrophic events
• D)Helps you legally reduce the amount of taxes you owe
• E)All of the above

Analyze the legal aspects of unfair labor practices and employer-union interactions.

Differentiate between legal and illegal union and employer practices.

Explain the implications of collective bargaining on workers and the bargaining unit.

Understand the role and functions of the National Labor Relations Board (NLRB).

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Definitions:

Net Income

The remaining profit for a company after removing taxes and expenses from its total income.

Common Stock

Equity shares issued by a corporation, representing ownership interests and voting rights in the company.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the owners' claim on the company's assets.

Note Payable

A documented commitment to repay a certain sum of money along with interest at an agreed-upon date in the future.