Adalaide is considering switching cell phone plans. Though the new plan is slightly more each month, she’ll be able to get a new phone sooner. When making this financial decision, what should Adalaide keep in mind?
Only major financial commitments will affect your overall financial status.
Any small financial commitments will make no effect on your financial standing.
Both small and large financial decisions can influence your financial health.
Use only your emotions to make big and small financial decisions.
Answers
This is a peculiar situation as an additional extra spending is allowing Adelaide to get a new phone soon.
It is a well-established principle in finance and management that a per-capital or per-unit cost-benefit analysis enables to understand whether a financial decision taken will prove to be helpful or is likely to go bust.
Only major financial commitments will affect your overall financial status. Any small financial commitments will make no effect on your financial standing. Since the additional cost is only meagre but the benefit to be accrued is that Adelaide can afford a new phone is worth the risk.
Hence, Any small financial commitments will make no effect on your financial standing.
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