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

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Definitions:

Consignment-in

Goods held for sale by one party although ownership is retained by another party.

Commissions Earned

Income received by salespersons, brokers, or agents based on sales or transactions completed.

Deferred Gross Profit

The portion of profit resulting from sales made on installment that is not recognized immediately but deferred to future periods.