A Family That Is Using a Computer Program to Create

question 65

Multiple Choice

A family that is using a computer program to create a formal household budget is using the budget as a(n) ________.

• A)planning tool
• B)controlling tool
• C)organizing tool
• D)leading tool

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Definitions:

Market Value

The ongoing rate at which an asset or service can be sold or acquired in the market.

Stock Dividends Distributable

Represents shares of a company's stock that have been declared as dividends but have not yet been distributed to shareholders.

Dividends Declared

Profits announced by a company's board of directors to be distributed among shareholders.

Legal Capital

The minimum amount of equity that a company must maintain to protect creditors, often required by law.