When Creating a Budget, Which of the Following Statements Is

question 50

Multiple Choice

When creating a budget, which of the following statements is true?

• A) Include in income the bonuses and gifts you expect to receive.
• B) It is easier to create a budget if your earnings vary by season.
• C) Common financial problems can be maximized through budgeting.
• D) Numbers in the budget are estimates.
• E) It is better to overestimate your income for next year.

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Definitions:

Nature

The inherent features, phenomena, or ecological systems of the physical world, excluding humans and human creations.

Attitudes

A predisposition or a tendency to respond positively or negatively towards a certain idea, object, person, or situation.

Modes of Thinking

Modes of thinking refer to the various cognitive processes and strategies an individual uses to process information, solve problems, and make decisions.

Modes of Acting

Various methods or approaches an individual might employ to interact with, influence, or relate to others in a social or professional context.