ENTREPRENEURIAL PLANNING
FINANCIAL PLANNING AND ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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true
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false
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Either A or B
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None of the above
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Detailed explanation-1: -A personal net worth statement shows a person’s cash inflows and cash outflows for a period of time. Savings should be added to income when balancing the budget. Because most people do not have enough resources to meet all their needs and wants, they must make choices.
Detailed explanation-2: -The above statement is False. Budgeting is a process in which the organizations estimate and plan the revenues to be generated and the expenditure to be incurred based on the financial position.
Detailed explanation-3: -Housing. Whether you own your own home or pay rent, the cost of housing is likely your biggest monthly expense. Utilities. Vehicles and transportation costs. Gas. Groceries, toiletries and other essential items. Internet, cable and streaming services. Cellphone. Debt payments. More items •26-Sept-2022