Ivy Is Fairly Easy Going and Seems to Be Able

question 123

Multiple Choice

Ivy is fairly easy going and seems to be able to adapt to whatever life throws at her, whereas her friend Katelyn has a much harder time adjusting to new situations. Who is more likely to have a personality disorder?

• A)Ivy, because she's too wishy-washy and does whatever others want
• B)Katelyn, because she's too rigid
• C)They are equally likely, as flexibility and rigidity are linked to personality disorders
• D)Neither of them - flexibility and rigidity aren't linked to personality disorders

Recognize the components and importance of a financial plan.

Define financial risk and identify its sources.

Distinguish between the different types of financial plans and their purposes.

Understand the composition of major current assets and liabilities.

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Definitions:

Net Income

The net income of a company, which is calculated by deducting all costs and taxes from its total earnings.

Break-Even Point

The production level or sales volume at which total revenues equal total expenses, resulting in no net loss or gain.

Contribution Margin Ratio

A financial metric that represents the percentage of sale price that remains after variable costs are subtracted.

Sales Dollars

The total amount of money generated from the sale of goods or services before any expenses are subtracted.