One Aspect of Financial Planning Is to Make Wise Decisions

question 86

Multiple Choice

One aspect of financial planning is to make wise decisions as to what to purchase and when to purchase it. Which aspect of financial planning does this deal with?

• A) Borrowing
• B) Spending
• C) Managing Risk
• D) Investing
• E) Retirement and Estate Planning

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Definitions:

Journal

An accounting record where all transactions are initially recorded in chronological order before being posted to ledger accounts.

Ledger

A comprehensive collection of a company's financial accounts, recording all transactions and financial activities over time.

Data Transfer

The process of moving or copying data from one device or system to another.

Horizontal Analysis

Horizontal analysis is a financial analysis technique that compares historical financial information over a series of reporting periods.