Problemas
Question 22 (1 point) Money management has no relationship to the personal Icash flow statement OTrue OFalse
Roztwór
Benjamín
veterano · Tutor durante 10 años
4.5
(253 Votos)
Respuesta
False
Explicación
## Step 1The problem statement is a statement that needs to be evaluated as either true or false. The statement is "Money management has no relationship to the personal cash flow statement."## Step 2To evaluate this statement, we need to understand what a personal cash flow statement is. A personal cash flow statement is a financial document that provides a summary of an individual's income and expenses over a specific period. It shows how money is flowing in and out of the individual's accounts.## Step 3Money management involves the process of budgeting, saving, investing, spending, or otherwise overseeing the cash usage of an individual or group. It is a crucial aspect of personal finance.## Step 4Given the definitions of both money management and a personal cash flow statement, it is clear that money management is closely related to the personal cash flow statement. The personal cash flow statement is a tool that helps in money management by providing a clear picture of where the money is going and how it is being managed.