The Main Purposes of Personal Financial Statements Are to

question 15

Multiple Choice

The main purposes of personal financial statements are to

• A) Report your current financial position.
• B) Measure your progress toward financial goals.
• C) Maintain information about your financial activities.
• D) Provide data for preparing tax forms or applying for credit.
• E) These are all correct.

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Definitions:

Predicate

In grammar, a predicate is part of a sentence or clause that tells what the subject is doing or what is being done to the subject; in logic, it refers to the part of a sentence or proposition that asserts something about the subject.

Phrase Structure

The organizational rules and patterns that determine how words and phrases combine to form sentences in a language.

Prototype

A prototype is an early sample, model, or release of a product built to test a concept or process, serving as a typical example of a category.

Garden Path Sentences

Sentences that begin by appearing to mean one thing, but then end up meaning something else, leading the reader or listener down the metaphorical 'garden path'.