According to the Keown book, what are the three primary reasons for maintaining financial records?
What will be an ideal response?
Answer: First, without adequate records, it is extremely difficult to prepare taxes. Second, a strong record-keeping system allows you to track expenses in order to know exactly how much you're spending and where you're spending it. Without that knowledge, you will not have control over your finances. Third, organized record-keeping makes it easier for someone else to step in during an emergency and understand your financial situation.
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ER diagrams always label entity names in the singular noun form
Indicate whether the statement is true or false
To assess the quality, appropriateness, and value of spoken words, we need to possess two key skills: the ability to ______ and the ability to ______.
Fill in the blank(s) with the appropriate word(s).
If you buy a term insurance policy with a conversion option, this means that you
A) will get most of your premiums back if you terminate the policy before its expiration. B) can convert the policy to a larger term policy after one year. C) can convert your term policy to a whole life policy during the conversion period. D) will be able to change the term of your policy and automatically extend it.
_____ exists when it is possible to make changes in the data storage characteristics without affecting an application program's ability to access data
Fill in the blank(s) with correct word