The Study of Personal Finance Involves How People _____ Their

question 46

Multiple Choice

The study of personal finance involves how people _____ their financial resources.

• A)spend
• B)save
• C)invest
• D)All of these.

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Definitions:

Operating Income

The profit realized from a business's operations after subtracting operating expenses from gross profit.

Fixed Costs

Expenses that do not change in proportion to the level of goods or services produced within a certain range.

Break-even Sales

The amount of revenue needed to cover total costs, both fixed and variable, with no profit or loss.

Unit Selling Price

The cost for which customers can purchase an individual unit of a product.