Developing and Using a Budget Is Part of Which Component

question 65

Multiple Choice

Developing and using a budget is part of which component of financial planning?

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

---

Definitions:

Canadian Imperial Bank of Commerce v. Milhomens

A specific legal case, likely involving legal principles or judgments pertaining to the entities named.

Insanity

A legal defense claiming that a defendant was unable to understand the nature of their actions or distinguish right from wrong due to mental illness at the time of their crime.

Voidable Contract

An agreement that has legal effect but that one of the parties has the option to end.

Mental Faculties

The cognitive functions of the mind, including perception, reasoning, intuition, and memory.