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VYC1 Module Quizzes questions and answers rated 5 stars
VYC1 Module Quizzes questions and answers rated 5 stars 
 
 
Which activity is NOT part of the personal budgeting process? (M01) 
 
A) Defining goals 
B) Monitoring outcomes 
C) Increasing income 
D) Redefining goals - Answer: C 
 
Correct! Increasing income is not part of the budgeting process, although it may cause an adjustment to the budget. 
In terms of budgeting, which goal and behavior work best together? (M01) 
 
A) The goal is to purchase a home. The behavior is saving 5% of your ear...
Exam (elaborations)
VYC1 Module Quizzes questions and answers rated 5 stars
PopularVYC1 Module Quizzes questions and 
answers rated 5 stars 
Which activity is NOT part of the personal budgeting process? (M01) 
A) Defining goals 
B) Monitoring outcomes 
C) Increasing income 
D) Redefining goals - Answer: C 
Correct! Increasing income is not part of the budgeting process, although it may cause 
an adjustment to the budget. 
In terms of budgeting, which goal and behavior work best together? (M01) 
A) The goal is to purchase a home. The behavior is saving 5% of your earnings for a...
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Exam (elaborations)
VYC1 Module Quizzes with COMPLETE SOLUTION
Which activity is NOT part of the personal budgeting process? (M01) 
A) Defining goals 
B) Monitoring outcomes 
C) Increasing income 
D) Redefining goals - Answer: C 
Correct! Increasing income is not part of the budgeting process, although it may cause an adjustment to 
the budget. 
In terms of budgeting, which goal and behavior work best together? (M01) 
A) The goal is to purchase a home. The behavior is saving 5% of your earnings for a down payment. 
B) The goal is to reduce living expenses. ...