Nickell and Dorsey has given six steps for income planning. Which of the following is/are
his view point?
1. Clearly define and recognise one's goal.
2. Analyse all kinds of available income.
3. Analyse money income for short and long period of time.
4. Recognise the stages of the family.
A. 1 and 2
B. 1, 2, 3 and 4
C. 1 and 4
D. 1, 2 and 3
Answer: Option B
Related Questions on Resource Management and Consumer Issues
Which of the following statement(s) is/are correct about management?
A. Management is a universal phenomena
B. It is an umbrella term under which individual work together to achieve a common goal
C. It is an art and as well as science
D. All of the above
The term 'management' is coined from the . . . . . . . . word 'menage'.
A. Greek
B. French
C. Latin
D. Spanish
A. K. Kautilya
B. Rose, Randle Knoll
C. Gross and Crandal
D. Nickell and Dorsey
The primary goal of money management is
A. to maximise the return
B. to minimise the risk
C. to maximise the wealth of owners
D. to maximise profit

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