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John Hernandez Is 24 and Has Saved Enough Money to Fund

question 19

Multiple Choice

John Hernandez is 24 and has saved enough money to fund an adequate emergency fund. In addition, he has saved $5,600 that can be used to fund an investment program. He is single, has no dependents, and would like to retire when he is 60. Which one of the investment factors listed below would be most important for an investor like Mr. Hernandez?


Definitions:

Business Ownership

The legal possession of a business entity, which includes the right to control its operations and benefit from its earnings.

United States

A country in North America composed of 50 states, a federal district, five major self-governing territories, and various possessions.

Professional Malpractice

An instance where a professional fails to perform their duties to the accepted standard of practice in their field, leading to harm or loss.

Partnership

A legal arrangement where two or more persons agree to share the profits and losses of a business venture.

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