The problem of bankruptcy is associated with poor decisions in the ______________ component of financial planning.
A) sharing
B) saving
C) obtaining
D) borrowing
E) protecting

Question

Quizplus · Accepted Answer

Bankruptcy is primarily associated with poor borrowing decisions, such as taking on too much debt or being unable to make payments on existing debts. While the other components of financial planning (sharing, saving, obtaining, and protecting) are also important, they are not directly linked to bankruptcy in the same way that borrowing decisions are.

The Problem of Bankruptcy Is Associated with Poor Decisions in the ______________