What Proportion of Your Income Should Be in Savings

question 54

Multiple Choice

What proportion of your income should be in savings?

• A)2-3 months of income
• B)6-9 months of income
• C)12 months of income
• D)10%

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Definitions:

Sales and Marketing

The combined processes of creating interest in products or services, identifying potential buyers, and ultimately selling to those customers.

Demand Anticipation

The process of forecasting customer demand to manage resources and inventory effectively.

Escalator Clauses

Contractual provisions allowing for an automatic increase in prices or wages under certain conditions, often tied to inflation rates or cost increases.

Scrap Disposal

The process of getting rid of waste materials, remnants, or byproducts from manufacturing or consumption.