After Retirement Starts,which Aspect of Financial Planning Becomes Imperative

question 21

Multiple Choice

After retirement starts,which aspect of financial planning becomes imperative?

• A)Maintaining a regular pattern of saving
• B)Long-term borrowing commitments
• C)Estate planning
• D)Effects of inflation

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Definitions:

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales.

Variable Costs

Costs that vary directly with the level of production or output.

Fixed Costs

Expenses that do not change with the level of goods or services produced over a short period.

Space Rental

The act of obtaining the use of a physical location or property for a specified period of time in exchange for payment.