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Class 11 Home Science Work, Livelihood and Career Life skills for livelihoodHardLevel 38

If a person records expenses but sets no borrowing limit what risk exists?

Answer and explanation

Correct answer: Financial pressure and debt may increase

Financial planning should consider borrowing limit and repayment ability. In exams connect debt control with financial discipline.

Tags

debt-controlfinancial-planningexpense

Frequently asked questions

What is the correct answer to this question?

Financial pressure and debt may increase

Why is this the correct answer?

Financial planning should consider borrowing limit and repayment ability. In exams connect debt control with financial discipline.

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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