Saving for Protection Against Unexpected Setbacks-Such as the Loss of a Job

question 70

Multiple Choice

Saving for protection against unexpected setbacks-such as the loss of a job or a medical emergency-is called ________ saving.

• A)public
• B)bequest
• C)precautionary
• D)life-cycle

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Definitions:

Long-Term Goals

Objectives or targets that an individual, group, or organization aims to achieve over an extended period, typically exceeding one year.

Short-Term Goals

Objectives intended to be achieved in a relatively short period, typically less than one year.

Initial Goals

The primary objectives or aims set at the beginning of a project or process.

Patent Law

The area of law that deals with the protection of inventions and the procedure for obtaining patents.