Under Which Component of a Financial Plan Would the Following

question 50

Multiple Choice

Under which component of a financial plan would the following decision fall; determining how much you can afford to borrow, the length of the loan, and appropriate interest rate, when considering a large expenditure?

• A)Liquidity
• B)Financing
• C)Budgeting
• D)Credit management

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Definitions:

Unforeseeable Consequences

Outcomes that could not reasonably be predicted or expected to result from specific actions or events.

Commonly Known Dangers

Hazards or risks that are widely recognized and understood by the general public.

Deceptive Advertising

Advertising that misleads consumers, either by unjustified claims concerning a product's performance or by failure to disclose relevant information concerning the product's composition or performance.

Federal Level

Pertaining to the national government, as opposed to state or local levels, involving laws, courts, and matters of country-wide importance.