The Money Available to a Household Over and Above That

question 10

Multiple Choice

The money available to a household over and above that required for a comfortable standard of living is termed:

• A) diversion income.
• B) discretionary income.
• C) discretional income.
• D) fun money.

Understand the role and support mechanisms provided by the Small Business Administration.

Appreciate the flexibility and adaptability of small businesses to changing market conditions.

Recognize the strategic importance of targeting market niches for small businesses.

Identifying the reasons people choose to start their own businesses.

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Definitions:

Tasks

Refers to specific duties or work to be completed by a person or group.

Individual

A single human being as distinct from a group, class, or family.

Betting Habit

describes the tendency of an individual to frequently gamble or make bets.

Middle-Aged Adults

Persons typically between the ages of 40 and 65, often experiencing significant life transitions and re-evaluations of life goals and achievements.