All of the Following Statements Are Considered to Be Good

question 89

Multiple Choice

All of the following statements are considered to be good advice for the potential investor before starting his or her personal investment program except:

• A)Learn to live within your means.
• B)Increase credit purchases and make installment payments in order to increase cash available for investing.
• C)Provide adequate insurance protection.
• D)Start an emergency fund.
• E)Establish a line of credit.

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Definitions:

Mission Statement

A concise declaration of the core purpose and focus of an organization, guiding its decisions and strategies.

Mission Statement

A formal summary of the aims and values of a company, organization, or individual.

Profit Margin

A measure of profitability that indicates the percentage of revenue that exceeds the costs of goods sold.

Statement of Intentions

A document that outlines the intentions or objectives of an individual or entity, often related to future plans or actions.