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In the Process of Creating His Budget, Thomas Must Consider

Question 3

Multiple Choice

In the process of creating his budget, Thomas must consider his nondiscretionary expenditures before his discretionary expenditures. What would most likely be one of his nondiscretionary expenditures?


A) season tickets for his local sports team
B) an engagement ring for his girlfriend
C) his mortgage payments
D) a new suit to wear to his brother's wedding
E) cable TV service

Correct Answer:

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