Question

What does it mean for a set of financial records to be comprehensive?

a. Comprehensive records are protected against theft and fire.
b. The records must contain sufficient information to cover all of your financial plan. c. At least two people must be able to view and assess the records.
d. The records must contain every one of your financial files, such as pay stubs and receipts.

Answer 1

B. The records must contain sufficient information to cover all of your financial plan.

Explanation:

For a set of financial records to be comprehensive, means - The records must contain sufficient information to cover all of your financial plan.

One should prepare all the strategies before hand and all the details of ones financial plans should be thoroughly examined , before implementing any plan.

Answer 2

The correct answer is B. The records must contain sufficient information to cover all of your financial plan. Being impervious to fire and water has nothing to do with being comprehensive. Being comprehensive means that all details have been carefully examined and that there are contingency plans and goal marks for every day and every situation and all similar things.