Which Is Not a Common Mistake People Make When Planning

question 127

Multiple Choice

Which is not a common mistake people make when planning for retirement?

• A) Starting too late
• B) Putting away too little
• C) Assuming too much risk
• D) Having too little when reaching retirement
• E) None of the above

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Definitions:

Consignment

involves goods being given to a third party to sell, with the owner retaining ownership until the items are sold.

Merchandise

Goods that are bought and sold in the course of business, typically in a retail or wholesale environment.

Inventory

The total amount of goods and materials a business has in stock, either for sale or used in production.

Purchase Price

The amount of money paid to buy goods or services.