Which of the Following Is Not an Appropriate Approach to Solving

question 70

Multiple Choice

Which of the following is not an appropriate approach to solving the problem of an annual budget deficit?

• A)Liquidate enough savings or investments to make up the deficit
• B)Increase short-term,flexible expenditure items
• C)Renegotiate terms for long-term expense items
• D)Increase income by getting an additional part-time job

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Definitions:

Interpretation

The process of explaining, defining, or clarifying the meaning of words, texts, or actions.

Bilateral Mistake

A misunderstanding where both parties involved in a contract have an incorrect belief about a basic assumption on which the contract is based.

Mistake Of Value

An error made by one or both parties at the time of entering into a contract, regarding the value or worth of the subject matter of the contract.

Voidable

Refers to a contract that is valid and enforceable unless challenged and declared void by a party to the contract who is deemed to have been disadvantaged or defrauded.