Question: 1. A budget is a (Points 2) purchase plan line of credit. O financial statement. detailed financial forecast. set of personal financial objectives. 2. The

credit. O financial statement. detailed financial forecast. set of personal financial objectives.

2. The main purpose of a budget is to (Points 2) O

develop goals O develop a financial plan. give feedback to the plan

1. A budget is a (Points 2) purchase plan line of credit. O financial statement. detailed financial forecast. set of personal financial objectives. 2. The main purpose of a budget is to (Points 2) O develop goals O develop a financial plan. give feedback to the plan monitor and control financial outcomes. O revise goals 3. Net worth is measured by (Points 2) O bank card balances. house mortgage balances O amount owed on an automobile loan assets minus liabilities. insurance premium 4. Balance sheet liabilities should be recorded at their (Points 2) O original outstanding balance year-end outstanding balance. O average outstanding balance O current outstanding balance. none of these

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