The best way to balance your annual budget is to increase borrowing to cover shortages.

Answer the following statement true (T) or false (F)


False

Rationale: Liquidate enough savings and investments or borrow enough to meet the total budget shortfall for the year. Obviously, this option is not preferredbecause it violates the objective of budgeting: to set expenses at a level that allows you to enjoy a reasonable standard of living and progress toward achieving your long-term goals. See 2-5: Cash In and Cash Out: Preparing and Using Budgets.

Business

You might also like to view...

A white background for body slides:

a. allows attention on the slide to be on the foreground b. allows for maximum contrast for any images you put on them c. both of the above d. none of the above

Business

Specific performance may be available for the breach of a contract to sell

a. an original painting. b. 20 shares of WalMart stock. c. a Nintendo WII video game system. d. a 2007 Mustang in mint condition.

Business

Under the NLRA, an employer can legally refuse to bargain with the union as a means of applying economic pressure

Indicate whether the statement is true or false

Business

A Z-test for differences of proportions requires a sample size greater than 100.

Answer the following statement true (T) or false (F)

Business