Suppose That You Just Completed Your First Year of College

question 17

Multiple Choice

Suppose that you just completed your first year of college with $12,000 in loans and plan to borrow the maximum each year from now until graduation.You have never accounted for the way you spend your money,do not have a budget,and want to insure that you will be able to repay your loans after college.What is the most important thing you can do right now?

• A)Talk to your parents about an allowance.
• B)Visit your career counselor at school.
• C)Ask a friend who took the Personal Finance course for advice.
• D)Immediately begin to develop a personal financial plan.

Appreciate the implications of variations in generally accepted accounting principles (GAAP) on the quality of earnings reported.

Understand the significance of inventory turnover in analyzing operational efficiency.

Recognize the importance of proper disclosure including disposal of significant components in financial statements.

Understand the impact of social psychology principles on interpersonal relationships.

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Definitions:

Persuasive Messages

Communications intended to convince or influence the audience to take a specific action or adopt a particular viewpoint.

Writing Approach

The method or style adopted by a writer to convey their message or tell a story.

Close of Proposal

The final section of a proposal document where the summary and call-to-action are presented, aiming to persuade the reader.

Decision

The act or process of making choices or selecting an option from a set of alternatives.