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Class 11 Home Science Work, Livelihood and Career Life skills for livelihoodMediumLevel 37

If a person gives equal importance to every expense what mistake may occur in budgeting?

Answer and explanation

Correct answer: Not distinguishing needs and wants

In a budget needs and wants must be separated. In exams connect needs and wants with financial literacy.

Tags

budgetingneedswants

Frequently asked questions

What is the correct answer to this question?

Not distinguishing needs and wants

Why is this the correct answer?

In a budget needs and wants must be separated. In exams connect needs and wants with financial literacy.

Which subject and chapter does this question cover?

This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Life skills for livelihood.

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