In two or more complete sentences, describe choices that a consumer can make that could lead to financial irresponsibility.
Answers
Financial responsibility refers to the process of managing money and other similar assets in a way that is considered productive and is also in the best interest of the individual, or the family, or the business company.
Choices that leads to financial irresponsibility
1. Emotional spending
“Emotional spending is dangerous because it means you haven’t taken the time to research alternative options for something you want or need. It leads to more impulsive and reactive purchases and can leave you in debt if not stopped.”
2. Not saving enough
“Whether you’re a small business or someone just getting out of university, it is incredibly important to come up with a savings plan. Think of it as added protection or an investment in something really exciting down the road.”
3. Living beyond your means
“Small purchases add up and before you know it, you’re in debt. Wanting and having it all isn’t always a realistic expectation, and often just cutting out your morning coffee or buying generic office supplies can mean more money in the bank.”
Answer:
The difference between 2/3 and 1/2 is 1/6
Step-by-step explanation:
Multiply the numerator and denominator of 2/3 by 2 ,and multiply the numerator and denominator of 1/2 by 3 to get 4/6 - 3/6.
Subtract 4/6 and 3/6 and the result should be 1/6.