A Personal Net Worth and Capability Statement

question 19

Multiple Choice

A personal net worth and capability statement

• A)is noone's business
• B)will usually justify borrowing
• C)is more descriptive than numeric
• D)is similar to a business balance sheet

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Definitions:

Realistic and Unexciting

Describing something that is practical and possible to achieve but lacks excitement or appeal.

Practical and Logical

Relating to a manner of thinking and problem solving that is based on realistic and rational considerations, often focusing on achieving effective results.

Positive Well-being

A state of general happiness, health, and satisfaction with life's circumstances and environment.

Perceived Sense of Control

An individual's belief in their ability to influence events and outcomes in their own lives.