Which of the Following Is Not a Major Warning Sign

question 43

Multiple Choice

Which of the following is not a major warning sign that you are headed for financial trouble?

• A)Cash advances on credit cards
• B)Net worth is increasing
• C)No emergency fund
• D)Taking money from retirement savings

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Definitions:

Gross Profit Percentage

A financial metric used to assess a company's financial health by showing the proportion of money left over from revenues after accounting for the cost of goods sold, expressed as a percentage.

Selling Expenses

Selling expenses are costs associated with the marketing and sale of products or services, including advertising, sales commissions, and the employment of sales personnel.

Excludes Gain

A term referring to certain types of profit that are not subject to tax under specific circumstances.

Personal Residence

A property where an individual lives for most of the time and considers it their primary place of residence.