Jim Johnson was laid off from his job two months ago. He just received an offer for a position that pays 3/4 the salary of his old job. Why should he set up a financial plan?
A) To increase the effectiveness of obtaining, using, and protecting his financial resources.
B) To decrease control of his financial affairs regarding debt.
C) To accept the loss of freedom from financial worries due to his new position.
D) To learn how to manage depending more on others.
E) To find out why he was laid off.
Correct Answer:
Verified
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Q17: When prices are increasing at a rate
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Q19: A financial plan can only be created
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Q22: The actual cost of living increase for
Q23: The stages in the family situation and
Q24: Increased consumer saving and investing is likely
Q25: The Rule of 72 is:
A) A tool
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