BUSN 380 study Great Stories/busn380study.com BUSN 380 study Great Stories/busn380study.com | Page 19

future income and expenses.
the net worth of an organization.
the cash flow of an individual or a family.
debt payment activities.
what an individual or family owes and owns.
Question 19. Question : (TCO 1) When a person's actual expenses are
less than planned expenses, this means that a person or family has a
_____.
budget deficit.
negative net worth
budget surplus
positive net worth
net income
Question 20. Question : (TCO 1) If a person has a payment that does
not vary from month to month, then this type
of payment is _____.
Semivariablecurrentvariablefixedbudgeted
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