Which payment type can help you stick to a budget?

Correct Answer: CD's

Explanation:

CDs are the least risky investment choice when compared to flipping, renting and bonds.

A certificate of deposit (CD) is a savings certificate with a fixed maturity date, specified fixed interest rate and can be issued in any denomination aside from minimum investment requirements. A CD restricts access to the funds until the maturity date of the investment. CDs are generally issued by commercial banks.

CDs are issued by the bank and are guaranteed by the government. So even if the bank goes bankrupt the investor's money is guaranteed to a certain extent.

Flipping and renting are subjected to market fluctuations while bonds are not insured.

 

Correct Answer: Personal financial planning is the process of creating and achieving financial goals

Explanation:

Personal financial planning is the process of creating and achieving financial goals.

 

True statements regarding personal financial planning:

As we age, the number and complexity of the financial decisions that we make increases.

There are two means for achieving financial goals?you either need to increase your savings or reduce spending.

A family's resources are limited.

Correct Answer: All the above

Explanation:

Capitalism is an economic system followed by a country or a society which is characterized by Privately owned businesses, a market economy and profits.

Capitalism is defined as "production for exchange" driven by the desire for personal accumulation of money receipts in such exchanges, mediated by free markets. The markets themselves are driven by the needs and wants of consumers and those of society as a whole in the form of the bourgeois state.

Correct Answer: The primary reason to issue stock is to raise money to start and maintain an ongoing business Other Reasons:: The reasons that a company might want to raise money by issuing stock are: To develop new products To buy more advanced equipment To pay for new buildings and inventories To hire more employees To provide for a merger or acquisition To decrease debt To give company owners greater flexibility To place a value on the company

Correct Answer: According to the classification, the claim of bond holder should be accounted first After fulfilling all the claims of bond holder company should look after the stock holder

Correct Answer: Financial Reporting involves the disclosure of financial information to the various stakeholders about the financial performance and financial position of the organization over a specified period of time These stakeholders include ? investors, creditors, public, debt providers, governments & government agencies Financial Reporting is very important and critical task of an organization It is vital part of Corporate Governance The objectives & purposes of financial reporting :? * Providing information to management of an organization which is used for the purpose of planning, analysis, benchmarking and decision making * Providing information to investors, promoters, debt provider and creditors which is used to enable them to male rational and prudent decisions regarding investment, credit etc * Providing information to shareholders & public at large in case of listed companies about various aspects of an organization * Providing information about the economic resources of an organization, claims to those resources (liabilities & owner?s equity) and how these resources and claims have undergone change over a period of time * Providing information as to how an organization is procuring & using various resources * Providing information to various stakeholders regarding performance management of an organization as to how diligently & ethically they are discharging their fiduciary duties & responsibilities * Providing information to the statutory auditors which in turn facilitates audit * Enhancing social welfare by looking into the interest of employees, trade union & Government

Correct Answer: The grace period is in which time period students are not to be worried to repay the loans in that period

Correct Answer: unexpected accidents

Explanation:

Insurance can help you to protect your properties and assets like home, car, stocks,... against unexpected accidents.

Correct Answer: All of the above

Explanation:

Variable costs are expenses that vary in proportion to the amount of goods or services that a business produces. 

Examples of variable cost include labor, packaging and raw materials.

Correct Answer: Hospitality actually means, taking care of guests in the best possible way Organizing, providing services and looking care after guests is included in it It means friendly and generous treatment of guests Hospitality industry includes all companies involved in providing services for guests They provide more mental satisfaction than tangible objects