Once You Define Your ____________ Financial Goals,you Can Prepare a Cash

question 72

Multiple Choice

Once you define your ____________ financial goals,you can prepare a cash budget for the upcoming year. ​

• A)semi-annual
• B)short-term
• C)quarterly
• D)long-term

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Definitions:

Nonlabor Income

Income received that does not come from employment or work, such as investment returns or inheritance.

Wage Rate

The amount of money paid to an employee for a unit of time worked, typically expressed per hour or year.

Leisure

Represents time that an individual spends away from work and other compulsory activities, often used for relaxation, recreation, or personal interests.

Nonlabor Income

Earnings received from sources other than employment, such as investments, pensions, or inheritances.