Attempts to Increase Income Are Part of the _____________ Component

question 8

Multiple Choice

Attempts to increase income are part of the _____________ component of financial planning.

• A) Obtaining
• B) Planning
• C) Saving
• D) Borrowing
• E) Spending

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Definitions:

Leverage

The strategic use of an organization's resources or position within a market or industry to gain advantage and increase its influence or outcomes.

Activity

Involves actions or tasks performed, typically by individuals or groups, to achieve a specific objective.

Profitability

A measure of the efficiency of a company in generating profit, calculated as net income divided by revenue, indicating financial health and operational effectiveness.

Liquidity

The ease with which an asset, or security, can be converted into ready cash without affecting its market price.