Which of the Following Is a Good Way to Cut

question 33

Multiple Choice

Which of the following is a good way to cut spending and keep to your budget?

• A)Drive more rather than taking the bus.
• B)Eat out rather than cooking at home.
• C)Use cash rather than credit cards.
• D)Avoid texting on Wi-Fi networks.

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Definitions:

Audit

An evaluation, typically by an independent entity, to ensure that an organization's financial records and statements are accurate and in accordance with laws and regulations.

Financial Statements

Compiled documents that present an organization’s financial activity and condition, typically including the balance sheet, income statement, and statement of cash flows.

Independent Auditors

Professional auditors who are not employees of the company being audited and provide an unbiased opinion on the truth and fairness of a company's financial statements.

Financial Statements

Reports that summarize the financial performance and position of a company, including the balance sheet, income statement, and cash flow statement.