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 1

Answer:

D. something one cannot live without

Explanation:

Answer 2

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.

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Related Questions

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:

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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.

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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.

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Which of the following choices correctly ranks the four economic markets in order from easiest to enter to most difficult to enter?

a.monopoly, monopolistic competition, oligopoly, perfect competition
b.perfect competition, monopoly, oligopoly, monopolistic competition
c.oligopoly, monopoly, monopolistic competition, perfect competition
d.perfect competition, monopolistic competition, oligopoly, monopoly

Answers

The answer is D because the monopoly is the hardest to get into.

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.

higher level profession requires in the knowledge good skills and a special training explain this statement with example
PLZZ make uhr on answer​

Answers

Answer:

true

Explanation

Higher level professions are professions occupied by professionals who think strategically and carry out their duties by adhering to the ethical standards that governs their profession. Examples are medical practitioners, engineering, accountant and pilot. All these requires in-depth knowledge , good skill and special training because of the technical nature of the profession.

Having a degree is not enough to deliver on these professions because of their complexities. These professionals must adhere to the ethical standard that governs their profession and also hold themselves out of having the required training, knowledge and experience .

Take for instance a pilot who controls a plane. Asides having the required education, he would undergo special trainings on how to fly planes. He must also have the skills and experience of flying before being certified to fly people because of the risky nature of the profession.

The above example also applies to a doctor. He would undergo trainings depending on his area of specialization and must have knowledge before being certified to work as a doctor. The reason is that he is dealing with lives hence must possess the the required skills and experience

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.

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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.

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

Answers

Answer:false

Explanation:

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:

who wants 100 points

Answers

Answer:

me i do i do i do

Explanation:

i really do

Answer:

me

Explanation:

im broke lol

what is nursing ?why is it needed?​

Answers

Answer: What type of nursing?

g. Discuss 3 reasons why governments support business start-ups.

Answers

Answer:

Supporting them means giving the innovation economy a better chance to find solutions. Startups disrupt, transform and better old ideas and create new ones. By doing so they create new markets and opportunities which in turn create more jobs and improve people's lives.

running dog shoes inc has been making running shoes for over two decades. match the elements of its financial statements

Answers

There’s no picture so how do I know

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.

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