Which of the Following Is NOT a Main Purpose of a Budget

question 92

Multiple Choice

Which of the following is NOT a main purpose of a budget?

• A) Help to live within your income
• B) Spend your money without care
• C) Reach financial goals
• D) Prepare for financial emergencies
• E) Develop wise financial management habits

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Definitions:

Orthogonal Factors

Independent variables in statistical models that do not correlate with each other, allowing for the isolation of effects.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, affecting thoughts, behaviors, and emotions.

Typological Approach

A method in psychology that categorizes individuals into distinct types based on shared traits or behaviors.

Trait Approach

A method in psychology that focuses on the identification and measurement of specific traits or characteristics that can vary between individuals and are thought to be consistent over time.