Further explain the concept of personal finance. (3-4 sentences)

Answers

Answer 1

Answer:

Personal finance is the area of study that covers a person's financial activity and how that affects their future. It can be thought of as a component in personal responsibility to understand one's strengths, weaknesses, value to society at large, what it means for someone to succeed or fail financially.

The goal is not necessarily money-related success. Instead, it is about creating an appropriate standard of living and ensuring the individual meets his or her desires most effectively while minimizing risk and without sacrificing freedom. Two keywords are investments (generating positive cash flow) and protection (insurance).

Explanation:


Related Questions

In personal finance, one makes decisions based on needs vs. wants. What is considered a need?

something one would like to have
something ones does not budget for
something one can afford
something one cannot live without

Answers

Answer:

something you cannot live without

Explanation:

In personal finance, one makes decisions based on needs and wants, need considered as something one cannot live without.

What do you suggest via way of means of need?

A need is dissatisfaction at a specific point in time and in a specific context are outstanding. In the case of a need, a deficiency causes a clean unfavorable outcome: a disorder or death.

In other words, a need is something required for a safe, solid and healthy life (e.g. air, water, meals, land, shelter), even as a need is a desire, want or aspiration.

When wishes or needs are sponsored via means of shopping power, they've the ability to grow to be monetary demands. Basic needs, such as air, water, food, are essential for an organism's survival.

Needs can be objective and physical, such as the desire for food, or psychological and subjective, such as the desire for self-esteem.

His idea proposed that humans have a hierarchy of mental wishes, which vary from simple physiological or decreased order wishes such as meals, water, and safety through to better ordered wishes such as self-actualization.

Therefore, from the above assertions, it's clear that alternative D, which is something one cannot stay without, is the precise alternative.

Learn more about Need, refer to:

brainly.com/question/16465518

#SPJ2

who perpares the design of construction? why is it important? give reasons​

Answers

Answer:

Architect and engineer both prepare the design of construction.

Explanation:

It is important because it helps ti ensure that your designs are translated efficiently into an amazing final product. It is clearly that design plan is crucial to the success of any commercial construction project.

Answer:

Engineer prepares the design of instruction .It is important because, there will not be any harm after the construction to the specific architecture which you were constructing it prevents from harms like broking down the architecture because of not proper management.

what is multi mirror function in shopping malls and shop​

Answers

Big shoppin stores are inside a large complex and it is not possible to have so many employees to look over each and every counter in the complex individually . So owners have to find something by which they could look over a large place at once and in this way the mampower required would also be less. So, to attain this need ,they use convex mirrors to watch the activities of the customers . Convex mirror is used as it has a large field of view , hence it allow the shopkeeper to track all the activities inside the store at once and for all.

please make me brainlist

who wants 100 points

Answers

Answer:

me i do i do i do

Explanation:

i really do

Answer:

me

Explanation:

im broke lol

Accessible versions of the 1040 tax form are available for those who need them.
True
False

Answers

Answer:false

Explanation:

25 point multiple choice

Ava works in a college admissions office. She is involved in reading applications and matching students to the criteria set out by the school for acceptance. If Ava decides that the student qualifies to attend the college, she notifies them. Which pathway in the Education and Training Cluster does Ava’s career fall into?

A. Teaching and Training B. Administration and Administrative C. Professional Support Services D. Science & Mathematics

Answers

It will be Option C, " Professional support and Services ".

Proof:-

• She is only reading applications that might be related to complaints or admissions, So , Option A and D is incorrect.

• She is not in the field of anything related to teaching, therefore, Option B is also incorrect.

Now Option C is only remaining. Therefore, Option C is your answer.

Hope it helps you...

(Answered by Benjemin)

Customers must register before being allowed to order wine over the Internet so that legal age can be established. You know that the module to verify registration must be written and tested using data from Grapevine's existing database. This new module cannot be tested until the data from the existing system is loaded. You are going to hire a vendor to perform the programming and testing tasks for this module to help speed up the project schedule. Since they'll have access to your customer list and potentially other trade secrets, you'll asked them to sign a nondisclosure agreement. This is an example of which of the following?

A. Procurement documents

B. Standard form

C. Organizational process asset

D. Fixed cost contract

Answers

Answer:

D. Fixed cost contract

Explanation:

Which of the following are the three largest categories of federal government spending?
a. Infrastructure, Defense, and Science
b. Health, Military, and Interest on Debt c. Veterans, Infrastructure, and Education d. Education, Defense, and Food/Agriculture​

Answers

Answer: Your answer is A)

Explanation: Because it is a lot of money to build roads,  public/private buildings, and parks , and land.

The three largest categories of federal government spending should be infrastructure, defense, and science.

The following information should be relevant:

Discretionary spending should be considered for the national defense.Most of the spending is to be spent on the infrastructure as the roads should be built, for parking, etc.

Therefore, the other options are incorrect.

Thus, we can conclude that the three largest categories of federal government spending should be infrastructure, defense, and science.

Learn more about the government here: brainly.com/question/6542028

For Tesla, the Model S represents a
(BCG) market growth/market share matrix.
on the Boston Consulting Group

Answers

The answer is "star" and its further explanation can be defined as follows:

The Tesla Model S is pleasant during the day, but fitness and finish are something to want. When heading for just a quick ring all-around city or heading off to the other side, Model S 2020 is full of space and luxury. It is a quality rating of 7 out of 10.The Tesla Model S is the top U.S. car with an overall score of 70 in the ultra-luxury car category. The top-range model S is 373 miles long and has one of today's largest ranges. For Tesla, Model S is a star in the growth/market share matrix of the Boston Consulting Group. The hunting for a high-quality premium car, Tesla Model S.Its overall design is maybe 10-years old, but the type S still sets a baseline for all EVs, and it has an unmatched driving range. The Model S is rather costly at $80,000 on the other hand.

That's why the correct answer is "star".

Learn more:

brainly.com/question/10803452

Hubert is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Because his pool sessions are helping him swim more quickly, Hubert plans to reduce by 1 hour per week the time he spends training on the bike and increase by 1 hour the time he spends in the swimming pool; however, his wife says that he should stop doing any biking and running and spend all 20 hours per week in the pool. Which basic principle of individual choice does Hubert's plan illustrate that his wife's advice does not

Answers

Answer:

Many decisions are made on the margin.

Explanation:

The principle state that many economic decisions are made by looking at the Cost Benefit at the margin.

This would involve looking at the Cost Benefit of an additional unit of consumption or production.

In this case, Hubert wants to spend an extra hour that would improve her swimming that would improve her chances of doing well in triathlon.

Therefore, Many decisions are made on the margin.

Learn more about decisions making, refer :

https://brainly.com/question/19250814

PLS HELP WILL GIVE BRAINLIEST!!!!
which of the following questions might be asked by an economist who is using critical thinking to a solve a problem?

a. All of these choices are correct.

b.Which principles of command economy have the most negative effects on competition?

c.How could social security and Medicare better use their resources to expand benefits?

d.How might a hurricane in Florida affect the prices of crops grown in the state?

Answers

Answer:

the answer is A because all are correct

The question that might be asked by an economist who is using critical thinking to solve a problem is whether All of these choices are correct. Thus the correct option is A.

What is critical thinking?

When using their critical thinking skills, people can decide for themselves what they should indeed or are not supposed to believe. They possess the capacity to reflect and engage in individualism in order to reach well-informed decisions.

Which tenets of the command economy harm competition the most? How Social Security and Medicare could use their resources more effectively to increase payouts will aid economists in finding a solution to a problem.

This questions helps him to identify better answers through research and helps economists to find a better conclusion to deliver an optimum solution to the problem.

Therefore, option A is appropriate.

Learn more about Critical thinking, here:

https://brainly.com/question/29775568

#SPJ2

what is nursing ?why is it needed?​

Answers

Answer: What type of nursing?

How does a company make a product innovative?
A. Develop different features
B. Create the same product as a competitor with a different name
C. A good price point
D. Market the product

Answers

Explanation:

Companies realize innovations through a combination of market research, internal idea generation, customer requests and a variety of other factors. They also frequently discover innovative solutions by chance. Manufacturers typically maintain a balance between market- and customer-driven innovation efforts.

In personal finance, one makes decisions based on needs vs. wants. What is considered a need?

something one would like to have
something ones does not budget for
something one can afford
something one cannot live without

Answers

Answer:

D. something one cannot live without

Explanation:

In personal finance, one makes decisions based on needs vs. wants. Something one cannot live without is considered a need. The correct option is d.

What is personal finance?

Personal finance is a term that covers managing your money as well as saving and investing. It encompasses budgeting, banking, insurance, mortgages, investments, retirement, tax, and estate planning. The term often refers to the entire industry that provides financial services to individuals and households and advises them about financial and investment opportunities.

Individual goals and desires and a plan to fulfil those needs within your financial constraints also impact how you approach the above items. To make the most of your income and savings, it’s essential to become financially savvy it will help you distinguish between good and bad advice and make intelligent financial decisions. Personal finance is about meeting your personal financial goals.

The five areas of personal finance are income, saving, spending, investing, and protection.

Learn more about finance, here:

https://brainly.com/question/28066148

#SPJ5

Name two types of information that a cover letter should include.

Answers

Answer:

*  an introduction to the hiring manager

*  information on why you are qualified for the job

Explanation:

Other Questions
the blank is anterior to the blank Jessica, an experienced bungee jumper, leaps from a tall bridge and falls toward the river below. The bridge is 200 feet above the water and Jessica's bungee cord is 130 feet long unstretched. When will Jessica's cord begin to stretch? Round your answer to two decimal places 20 points help quick Simplify the expression. 10 (n^2+ n) - 6 (n^2 - 2) What is the 20th term in the sequence. f(n) = 9n - 12 What two sources of land were available to settlers? plz help me nhdhdhdhdhdhdhhdhdhdhdhdhdhdhdhd Should astrology programmes on television be banned? Explain The effect on the accounting equation from using supplies which had been previously recorded as an asset is:dMiTO assets increase and owners' equity decreaseO assets increase and liabilities increaseO assets decrease and owners' equity decreasealeC!O assets decrease and liabilities increaseDLocBINeed help? Review these concept resources.HighMediumLOWDo ReadinfoiRate your confidence to submit your answer.2021 McGraw Hill. All Rights Reserved.Privacy | Terms of UseType here to searchOBiSA How does Sarny choose her children's names someone help answer some of these questions youd really be saving my life rn Ill brainlist and give u 5 stars!!! Answer the questions u know leave the ones u dont :) What sacred writings contain the religious beliefs of Hinduism? Solve 2a5b=-19 3a+5b=9 Can someone pls help me it's urgent? Pls and thank you Roko paid $12.50 for 25 game tickets. Louisa paid $17.50 for 35 game tickets. What is the constant of proportionality? arthur and sword story explanation in past tense Will give brainliest! Answer the question please 10. The product of two integers is -18. The difference between the integers is 9. The sum of theintegers are 3. What are the two integers? A population of rabbits at time t increases at a rate of 40-12t+3t^2 rabbits per year where t is measured in years. Find the population after eight years if there are 10 rabbits at t=0?