The correct options are <u>1,2,3 and 5.
</u>
<u>
</u>
Further explanation:
The careful consideration of short-term goals, recording income and spending over the past year, creating a budget to consider future income and spending and learning about opportunity cost, would be helpful when a considering a large expenditure that might require repeating payments.
<u>CONSIDERATIONS FOR LARGE EXPENDITURE
</u>
An individual includes all goals that can be achieved in less than three months, which are referred to as short-term goals. An individual should carefully consider his short-term goals because when the new responsibilities of a long term goal then the more immediate goals have chances to be neglected.
Recording the number of assets helps individual to know that he has savings for an emergency. Budgeting helps in future financial situation. Opportunity cost helps an individual to understand the things that he needs to sacrifice so that he can obtain maximum value in his life.
Learn more:
1. Why is it important that goals be measurable? a. it is easier to determine when a measurable goal is met than an unmeasurable one. b. motivation is improved when progress is measurable. c. having measurable goals increases the likelihood that the goals will be attained. d. all of the above
<u>brainly.com/question/1333268
</u>
2. The goal of a command economy is to
<u>brainly.com/question/1362251
</u>
<u>
</u>
Answer details:
Grade: College
Subject: Social Studies
Topic: Considerations For Large Expenditures
Keywords: short-term goals, income, expenditure, opportunity, budget, financial situation, emergency