Personal Financial Statements Help You Identify Potential Financial Problems

question 91

True/False

Personal financial statements help you identify potential financial problems.

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Definitions:

Rationalization

The cognitive process of justifying behaviors or decisions with plausible, but not necessarily true, reasons.

Computer Software

Programs and operating information used by a computer to perform tasks, ranging from operating systems to application programs.

Defense Mechanism

Psychological strategies brought into play by individuals to cope with reality and to maintain self-image.

Displacement

A psychological defense mechanism where an individual shifts feelings from an undesirable situation to one that is more acceptable.