Jamil Has Retired and Can Live Without Needing to Ever

question 29

Multiple Choice

Jamil has retired and can live without needing to ever work again.What has he reached?

• A)Financial literacy
• B)Financial independence
• C)Voluntary simplicity
• D)His personal financial plan

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Definitions:

Informal System

An unstructured and unofficial means of operation within an organization, consisting of activities and communications that are not prescribed by formal rules, policies, or structures.

Reinforcement

The process of encouraging or establishing a behavior through rewards or punishments.

Job Success

Achieving or exceeding the performance standards and goals set for a specific job role over a period.

Lawsuits

Legal actions or proceedings brought in a court, involving two or more parties in dispute seeking a legal judgment.