The First Step in the Investment Planning Process Is to Write

question 23

True/False

The first step in the investment planning process is to write down your investment philosophy.

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Definitions:

Telephone Bill

A statement of charges for voice or data services provided by a telecommunications company.

Accounts Payable

Liabilities or money owed by a business to its suppliers or creditors for goods and services received but not yet paid for.

Withdrawals

Withdrawals denote the act of taking out money from an account, or the amount of capital taken out by the owner from the business for personal use.

Sole Proprietorship

A type of business organization that has one owner. The owner is personally liable for paying the business’s debts.