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When Does Instinctive Drift Occur

question 23

Multiple Choice

When does instinctive drift occur?

Recognize the importance of estate planning as part of financial planning and retirement planning.
Understand the consequences of inadequate estate planning, including the potential failure of last-minute efforts.
Realize that estate planning is necessary regardless of marital status or wealth level.
Acknowledge the need for legal advice and the potential costs involved in estate planning.

Definitions:

Full Capacity

The highest amount of products or services a business can consistently generate during a specific timeframe under standard conditions.

Fixed Assets

Long-term tangible assets used in the operation of a business, not expected to be converted to cash within a year.

Sales Growth

The increase in sales over a specific period, reflecting a company's ability to grow revenue through marketing, expansion, and new product introductions.

Subcontract

An agreement where a primary contractor hires another party to perform part of the work that they have been contracted to complete.

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