While You Are Still Working,you Should Be Managing Your Finances

question 141

Multiple Choice

While you are still working,you should be managing your finances for retirement planning.Which of the following is not a goal of your retirement planning?

• A)Maintaining your standard of living
• B)Effectively passing wealth on to heirs
• C)A vacation home or boat
• D)Travel

---

Definitions:

Sales Taxes

Taxes imposed by governments on the sale of goods and services, usually calculated as a percentage of the sale price.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated as current assets divided by current liabilities.

Current Liability

A company's financial obligations that are due within one year or within the normal operating cycle, including accounts payable and short-term loans.

Current Liability

An obligation that is due to be paid within one year or within the normal operating cycle of the business, whichever is longer.