Question

Directions: Identify each statement below as to what specific purposes of research it best applies. Refer to your notes above.

1. Maria was thinking of how to earn extra income aside from her monthly salary. She thought of putting up an investment on dried goods. With little knowledge on selling and trading she consulted her friends about it. Her friends in return told her to do research first if such plan was reasonable and timely. She was also informed to look for the right place where she could situate the shop as well as the expected expenses and needs.

2. Walter was offered to buy the lot next to his residence. Such offer was very inviting not only because he previously thought of home expansion but it was offered in cheaper amount per square meter. However, what held him back was the statement from the neighborhood that the lot was not originally owned by the one who offered him. It was pawned. Others said that it was not yet subdivided among siblings. So to validate the issue, he conducted a personal investigation about the ownership and the land title in general​

Answer 1

Answer:

If you think you will need the money in the near-term (less than two to three years), avoid investing it because of the additional risk you take on by putting your money in the market. Instead, put this cash into a savings account that offers more security.