1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lidiya [134]
3 years ago
13

Why is personal finance dependent upon your behavior?

Business
1 answer:
AfilCa [17]3 years ago
8 0

Personal finance depends on your behavior because you are the manager of your financial resources, so it is necessary to carry out personal planning of your finances.

Personal financial behavior can be measured by six dimensions, which are:

  1. Emergency funds
  2. Indebtedness level
  3. Savings rates
  4. Asset diversification
  5. Retirement Preparation
  6. Wealth distribution

Personal finances are directly impacted by our behaviors and decisions. Some of these behaviors are subconscious and difficult to identify, but they should be analyzed in case they negatively influence your finances.

Therefore, financial planning is essential to use your financial resources consciously and in accordance with your goals.

Learn more about personal finance here:

brainly.com/question/2961383

You might be interested in
Based on the principles of psychological pricing, which of the following price adjustment would likely have the greatest positiv
saul85 [17]

Answer:

D.) $50 to $49

Explanation:

a p e x

6 0
3 years ago
The distinction between a normal and an inferior good is A. when income​ increases, demand for a normal good increases while dem
alexdok [17]

Answer:

The correct answer is option A.

Explanation:

Normal goods have positive income elasticity, so when there is an increase in the income of the consumer, the quantity demanded of the normal goods will increase.

On the other hand, the inferior goods have a negative income elasticity. So when the income of the consumer increases the demand for inferior goods decline. This is because as income increases, the consumers will prefer normal goods.

8 0
3 years ago
What is the biggest attraction for businesses considering engaging in
ivann1987 [24]

Answer:

the size of the market on a p e x

Explanation:

5 0
3 years ago
Read 2 more answers
What assumptions about the economy must be true for the invisible hand to work? to what extent are those assumptions valid in th
sleet_krkn [62]
<span>The main assumption that has to be true for Adam Smith's theories to be valid is that everyone is acting in a way that most benefits them and nobody else. Since resources are seen as limited, people are thought to act in ways that most benefit them and nobody else. These assumptions might be valid in many cases, but the concept of charity shows that they are not always the case, and the invisible hand might be guiding people at times, but not always.</span>
3 0
3 years ago
Read 2 more answers
Balerio Corporation's relevant range of activity is 9,000 units to 14,000 units. When it produces and sells 11,000 units, its av
Anna11 [10]

Answer:

$302,500

Explanation:

The computation of total amount of product costs is shown below:-

Product cost for 11,000 units = Direct material + Direct labor + Manufacturing overhead cost incurred

= ($7.30 + $3.90 + $2.20 + $14.10) × 11,000

= $27.50 × 11,000

= $302,500

Therefore for computing the total amount of product costs we simply applied the above formula.

5 0
3 years ago
Other questions:
  • During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 fo
    6·1 answer
  • Smashed pumpkins co. Paid $200 in dividends and $624 in interest over the past year. The company increased retained earnings by
    13·1 answer
  • Taco Hut purchased equipment on May 1, 2018, for $15,000. Residual value at the end of an estimated 8-year service life is expec
    12·1 answer
  • Kamal reproduces Lorena’s copyrighted work "Musica" without paying royalties. Kamal is most likely excepted from liability for c
    12·1 answer
  • What is The appearance of text called?
    5·1 answer
  • Who is the world 2nd world richesten?​
    10·1 answer
  • The process of transferring the cost of metal ores and other minerals removed from the earth to an expense account is called
    11·1 answer
  • You are buying a new car. The price (MSRP) is $16,995. You are trading in your old car which is valued by the dealer at $5,500 (
    5·1 answer
  • Wexim Toys sold merchandise to a customer on credit, terms 2/10, n/30 for $11,700. Three days later, the customer returned $2,30
    11·1 answer
  • It is possible to observe a positive nominal interest rate together with a negative real interest rate. a. True b. False
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!