When Most of the Elements of a Financial Plan Are

question 52

Multiple Choice

When most of the elements of a financial plan are related to sales levels,the plan is:

• A) less likely to be effective.
• B) using sales as a plug figure.
• C) a percentage of sales model.
• D) not adjusted for inflation.

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Definitions:

No-fault Insurance

An auto insurance policy where claims are paid without regard to fault, meaning your insurer will pay for your damages regardless of who caused the accident.

Medical Expenses

Costs incurred for the diagnosis, cure, mitigation, treatment, or prevention of disease, and for treatments affecting any part or function of the body.

Insurance Premiums

Regular payments made to an insurance company to maintain coverage of a policy.

Regular Premium

Periodic payments made for an insurance policy.