When Creating a Budget,which of the Following Statements Is True

question 44

Multiple Choice

When creating a budget,which of the following statements is true?

• A) Include in income the bonuses and gifts you expect to receive.
• B) It is easier to create a budget if your earnings vary.
• C) Common financial problems can be maximized through budgeting.
• D) Numbers in the budget are estimates.
• E) It is better to overestimate your income for next year.

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Definitions:

Social Institutions

Established systems of societal organization that structure the activities of groups and individuals, such as family, education, religion, and government.

Significant Others

Are people who play important roles in the early socialization experiences of children.

Socialization

The process by which individuals learn and adopt the norms, values, behavior, and social skills appropriate to their society or social group.

Approval

The act of accepting or endorsing something, often in a formal or official capacity.