ECONOMICS

COST ACCOUNTING

FINANCIAL TERMINOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In Britain, it’s not usual to discuss your personal
A
money
B
finances
C
money arrangements
Explanation: 

Detailed explanation-1: -In the Lowell survey, more than half of the people feared they would be judged if they were to open up to someone about personal issues, financial or otherwise. This is a common theme, as many people worry about the consequences of revealing they are struggling financially and how it would make others see them.

Detailed explanation-2: -Our money taboo stems from the the British, who, traditionally, deemed it terribly gauche to talk about finances, says Jodi R. R. Smith, of Mannersmith Etiquette Consulting.

Detailed explanation-3: -Finances bring up many negative emotions for people, with stress being one of the most intense. You might be scared to offend your partner or feel like you are nagging them by bringing the subject up. They also might get incredibly defensive about their spending habits if it makes them feel uncomfortable.

Detailed explanation-4: -It’s rude to ask how much money someone else makes, and it’s also rude to share how much money you make (unless there is good reason to do so, i.e. someone is looking for a job in your field and wants to know a typical salary range). “This can make people feel uncomfortable, ” Porter said.

There is 1 question to complete.