Adaptability Is Not a Desirable Feature in Financial Plans

question 79

True/False

Adaptability is not a desirable feature in financial plans.

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Definitions:

Externality

A consequence of an economic activity experienced by unrelated third parties, which can be either positive (benefits) or negative (costs).

Gasoline

A highly flammable liquid derived from petroleum, used mainly as fuel in internal combustion engines.

Social Value

The importance or worth that a product, service, or action has to society, including both economic and non-economic factors.

External Benefit

A positive spillover effect of a transaction or activity that benefits a third party not directly involved in the transaction.