Question

Planning for the possiblity that your home might get struck by lightning and catch on fire is part of a plan for _____. a. financing b. managing income c. managing liquidity d. protecting assets

Answer 1

Answer;

Protecting assets.

-Planning for the possibility that your home might get struck by lightning and catch on fire is part of a plan for protecting assets.

Step-by-step explanation;

- This planning falls under protecting assets because one is taking initiative by making sure their home is protected in the event it is struck by lighting or catches on fire. The plan that one can develop will make sure the assets are protected and allows an individual to have steps in place to make sure that everything is not lost without protection.

Answer 2

The correct answer from the given choices is:

D) Protecting assets

Planning for the possibility that your home might get struck by lightning and catch on fire is part of a plan for protecting assets.

Assets represent the properties someone owns for example a home, vehicle etc.