Sally Smith's Friends Have Told Her That They Think She

question 50

Multiple Choice

Sally Smith's friends have told her that they think she should consider a visit to a personal financial planner.Why do you think her friends made the suggestion?

• A) Sally usually saves 10 percent of her paycheck for long-term goals.
• B) Sally has no credit card debt.
• C) Sally tracks her investments and makes changes to her allocations once per year.
• D) Sally plans to quit her job and volunteer for local organizations.
• E) Sally has used a budget for years.

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Definitions:

Power To Dissociate

The legal ability of a partner in a partnership to unilaterally sever their association with the partnership under specific conditions.

Expressing Intent

The act of communicating one's purpose or goals clearly, especially in the context of contracts or legal agreements, to ensure mutual understanding and agreement.

Partnership Obligation

Duties and responsibilities that partners within a partnership have towards the partnership and each other.

Liable

Legally responsible for an act or a consequence.