Establishing a ___________ Ensures That You Will Have an Amount

question 44

Multiple Choice

Establishing a ___________ ensures that you will have an amount of money that can be obtained quickly in case of immediate need.

• A)traditional IRA
• B)emergency fund
• C)Roth IRA
• D)403b
• E)401k

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Definitions:

Gross Margin

The difference between sales revenue and the cost of goods sold, indicating the profit margin before accounting for overheads, salaries, and other expenses.

Cost

The amount of money or resources expended to obtain, produce, or maintain an object or service.

Sales

The revenue a company earns from selling goods or services.

Gross Profit

The difference between sales revenue and the cost of goods sold, before deducting operating expenses, interest, and taxes.