ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Recurring expenses don’t need to be planned for because they rarely happen.
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Recurring expenses are expenses that can never be stopped.
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Recurring expenses should be planned for after looking at your wants.
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None of the above
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Detailed explanation-1: -A statement is true if what it asserts is the case, and it is false if what it asserts is not the case. For instance, the statement “The trains are always late” is only true if what it describes is the case, i.e., if it is actually the case that the trains are always late.
Detailed explanation-2: -A false statement is a statement that is not true. Although the word fallacy is sometimes used as a synonym for false statement, that is not how the word is used in philosophy, mathematics, logic and most formal contexts. A false statement need not be a lie.
Detailed explanation-3: -Which one among the following statements is true? a)12 AM denotes midnight. b)12 PM denotes noonc)The second half of the day from moon to midnight is called P.M.d)All the aboveCorrect answer is option ‘D’.