Question 20 (1 point) Which of the following does money management not involve? A series of decisions A.long-term time period Cash inflows Cash outflows

## Step 1<br />Money management involves a series of decisions. This is because managing money requires making choices about how to allocate resources, invest, and spend. Therefore, option A is not the correct answer.<br /><br />## Step 2<br />Money management typically focuses on short-term financial planning rather than long-term time periods. This is because it involves day-to-day financial activities and immediate financial needs. Therefore, option B is the correct answer.<br /><br />## Step 3<br />Cash inflows are a crucial part of money management. This is because understanding where money is coming from, such as from salary, investments, or other sources, is essential for effective money management. Therefore, option C is not the correct answer.<br /><br />## Step 4<br />Cash outflows are also a vital component of money management. This is because it involves tracking where money is going, such as for expenses, investments, or savings. Therefore, option D is not the correct answer.