For Purposes of Annual Budgeting,it Is Better to

question 30

Multiple Choice

For purposes of annual budgeting,it is better to

• A)express goals very broadly to allow for flexibility.
• B)ignore goals altogether and focus instead on savings.
• C)express income goals concretely and expense goals broadly;this usually assures adequate savings.
• D)express all goals concretely,which then reduces all goals to yearly consumption and savings targets.

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Definitions:

Independent

Characterized by the ability or condition of having autonomy or self-governance.

Own Interests

The personal or selfish motives and preferences that an individual prioritizes or pursues.

Mixed

Consisting of a variety of different elements, parts, or characteristics.

Dependent Relationship

Relationship in which one partner has a greater desire for the other to meet his or her needs.