5c Student Clubs Quiz
(75).webp "5c Student Clubs Quiz - Quiz")
You must score 95% or higher to pass this quiz.
Questions and Answers
- 1.
Whose name can be on a signature card for your club?
- A.
Any active member of the club or organization
- B.
A club officer on the CollegiateLink roster
- C.
Only the president
- D.
Only the advisor
Correct Answer
B. A club officer on the CollegiateLink rosterExplanation
The correct answer is a club officer on the CollegiateLink roster. This means that any club officer who is listed on the CollegiateLink roster can have their name on a signature card for the club. This ensures that the club's activities and decisions are authorized by the designated officers and helps maintain accountability within the organization.Rate this question:
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- 2.
When do reimbursement check requests need to be submitted to the ASPC Office by?
- A.
Only after all receipts from the event have been collected
- B.
Monday by 5:00pm to receive the check by Wednesday afternoon
- C.
Wednesday by Noon to receive the check by Friday afternoon
- D.
Monday by Noon to receive the check by Friday
- E.
Tuesday by 5:00pm to receive the check by Thursday
Correct Answer
C. Wednesday by Noon to receive the check by Friday afternoonExplanation
Reimbursement check requests need to be submitted to the ASPC Office by Wednesday by Noon to receive the check by Friday afternoon. This allows enough time for the office to process the request and issue the check within the specified timeframe.Rate this question:
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- 3.
What is the petty cash request limit for any club or organization?
- A.
$25
- B.
$50
- C.
$100
- D.
There is no limit as long as your organization has the budget for it
Correct Answer
B. $50Explanation
The correct answer is $50. This is the petty cash request limit for any club or organization. It means that any club or organization can request up to $50 from the petty cash fund for their expenses. This limit ensures that the organization has control over its cash flow and prevents excessive spending.Rate this question:
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- 4.
Only original & itemized receipts are acceptable in requesting a reimbursement check.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The statement is true because when requesting a reimbursement check, it is important to provide original and itemized receipts. Original receipts are necessary to prove that the expenses were actually incurred, while itemized receipts provide detailed information about the expenses. This helps to ensure that the reimbursement is accurate and legitimate. Accepting only original and itemized receipts also helps to prevent fraudulent claims and ensures that the reimbursement process is transparent and accountable.Rate this question:
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- 5.
Checks can only be picked up at the SCC office.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The statement implies that checks can only be picked up at the SCC office, which means that it is the only location where checks can be obtained. However, the correct answer is False, indicating that the statement is not true. This suggests that checks can be picked up at locations other than the SCC office, implying that there are alternative places where checks can be obtained.Rate this question:
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- 6.
How early do you need to submit your petty cash request?
- A.
At least 1 day before the event
- B.
At least 2 days before the event
- C.
At least 10 days before the event
- D.
Any time
Correct Answer
B. At least 2 days before the eventExplanation
To ensure that there is enough time for the request to be processed and approved, it is recommended to submit the petty cash request at least 2 days before the event. This allows for any necessary paperwork or approvals to be completed in a timely manner, ensuring that the funds will be available when needed. Submitting the request earlier also allows for any potential delays or issues to be addressed before the event, minimizing any last-minute complications.Rate this question:
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- 7.
How do you submit the petty cash request?
- A.
By emailing the president of your organization
- B.
CollegiateLink
- C.
By emailing the SCC Office
- D.
In person at the SCC Office
Correct Answer
D. In person at the SCC OfficeExplanation
The correct answer is "In person at the SCC Office". This means that to submit a petty cash request, you need to physically go to the SCC Office and submit the request there. Emailing the president of the organization or using CollegiateLink are not the correct methods for submitting the request.Rate this question:
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- 8.
If your organization wants to pay students for their services, the limit per student is:
- A.
$50/semester
- B.
$100/semester
- C.
$200/semester
- D.
No limit as long as your organization can afford it
Correct Answer
C. $200/semesterExplanation
The correct answer is $200/semester. This means that there is a limit of $200 per semester for paying students for their services. This limit ensures that the organization does not exceed its budget while still being able to compensate students for their work.Rate this question:
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- 9.
If you want to pay students in your organization, what form do you need to submit with your check request?
- A.
Fee for services
- B.
A valid contract
- C.
Request for Transfer of Funds
- D.
No form is required
Correct Answer
A. Fee for servicesExplanation
If you want to pay students in your organization, you need to submit a "Fee for services" form with your check request. This form is necessary to document the payment for the services rendered by the students. It ensures that the payment is properly accounted for and allows for tracking and record-keeping purposes.Rate this question:
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- 10.
If paying an outside speaker or artist from your club funds, the limit for withholding taxes is:
- A.
$500
- B.
$600
- C.
$1,000
- D.
$1,400
Correct Answer
B. $600Explanation
If a club pays an outside speaker or artist from its funds, the limit for withholding taxes is $600. This means that if the payment made to the speaker or artist is equal to or less than $600, the club is not required to withhold taxes from that payment. However, if the payment exceeds $600, the club must withhold taxes as per the applicable tax laws.Rate this question:
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- 11.
Only 5C flyers and/or events with alcohol require an approval stamp.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The statement is suggesting that only flyers and events that fall under the category of 5C (presumably referring to a specific organization or institution) and involve alcohol require an approval stamp. This implies that other types of flyers and events may not require such approval. Therefore, the answer "True" indicates that the statement is correct and that only 5C flyers and/or events with alcohol necessitate an approval stamp.Rate this question:
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- 12.
Which schools deposit their annual 5C Organization allocations into your club account at the ASPC Office?
- A.
Only Pomona allocations are in your ASPC account
- B.
Pomona & Pitzer
- C.
Pomona, CMC, Pitzer, & Scripps
- D.
Pomona, Pitzer, Scripps, Harvey Mudd
- E.
All 5Cs deposit their allocations at the ASPC
Correct Answer
D. Pomona, Pitzer, Scripps, Harvey MuddExplanation
The correct answer is Pomona, Pitzer, Scripps, Harvey Mudd. This means that all four schools, Pomona, Pitzer, Scripps, and Harvey Mudd, deposit their annual 5C Organization allocations into the club account at the ASPC Office.Rate this question:
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- 13.
When you want to make flyers to post for an event, who do you email?
- A.
- B.
- C.
- D.
A, B, & C
- E.
A & B
Correct Answer
E. A & BExplanation
To make flyers for an event and get them approved, you would need to email both [email protected] and [email protected]. The first email address is likely for duplicating services, which can help with printing the flyers, while the second email address is for obtaining approval for the content and design of the flyers. By emailing both addresses, you ensure that you cover both aspects of the flyer creation process.Rate this question:
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- 14.
How can you access the poster lab in the basement of the SCC?
- A.
By scheduling an appointment time with the ASPC Office
- B.
M-F 8-5pm by getting the key from the ASPC Office
- C.
After 5pm & Weekends through the SCC Building Manager
- D.
Any of the above
- E.
B & C
Correct Answer
E. B & CExplanation
To access the poster lab in the basement of the SCC, you can either schedule an appointment time with the ASPC Office from Monday to Friday between 8 am to 5 pm and get the key from them, or you can access it after 5 pm and on weekends through the SCC Building Manager. Both options B and C allow you to access the poster lab.Rate this question:
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- 15.
Who can reserve programming spaces for your organization?
- A.
Only club members who are on your CollegiateLink roster
- B.
Any registered member as long as they have "Event Permission" on your CollegiateLink roster
- C.
Only club officers on your CollegiateLink roster
- D.
Only the club president
Correct Answer
B. Any registered member as long as they have "Event Permission" on your CollegiateLink rosterExplanation
Any registered member with "Event Permission" on the CollegiateLink roster can reserve programming spaces for the organization. This means that any member who has been granted the specific permission to organize events can make reservations for programming spaces. The answer implies that it is not limited to club officers or the club president, but any registered member with the necessary permission can do so.Rate this question:
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- 16.
The deadline to submit any room reservations for a non-alcohol event is Thursday the week before the event.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The statement is true because it states that the deadline to submit any room reservations for a non-alcohol event is Thursday the week before the event. This means that if someone wants to reserve a room for a non-alcohol event, they must submit their reservation request by Thursday of the week prior to the event.Rate this question:
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- 17.
If you are planning to serve alcohol at your event, when do room reservations need to be approved by?
- A.
A minimum of 10 days before the event
- B.
A minimum of 17 days before the event
- C.
A minimum of 21 days before the event
- D.
A minimum of 28 days before the event
Correct Answer
B. A minimum of 17 days before the eventExplanation
Room reservations need to be approved a minimum of 17 days before the event in order to serve alcohol. This allows sufficient time for the necessary permits and licenses to be obtained, and for any logistical arrangements to be made. Reserving the room at least 17 days in advance ensures that all preparations related to serving alcohol can be completed in a timely manner.Rate this question:
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- 18.
What services are available to student clubs and organizations?
- A.
Vehicles
- B.
Costco Cards
- C.
Duplicating services
- D.
A/V support for events
- E.
All of the above
Correct Answer
E. All of the aboveExplanation
The correct answer is "All of the above" because the question asks about the services available to student clubs and organizations, and all of the options listed (vehicles, Costco cards, duplicating services, A/V support for events) are indeed services that are available to them.Rate this question:
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- 19.
ALL CCAVES services must be pre-paid before your event
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The explanation for the given correct answer is that ALL CCAVES services require pre-payment before the event. This means that customers must pay for the services in advance, ensuring that the payment is made before the event takes place. This policy helps to guarantee that the services are paid for and helps to prevent any issues or delays with payment on the day of the event. By requiring pre-payment, CCAVES can ensure that they have the necessary funds to provide the requested services and maintain a smooth operation.Rate this question:
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- 20.
Which of the following is true about organization advisors?
- A.
They must be a current faculty member of one of the Claremont Colleges
- B.
They are encouraged, but optional for clubs
- C.
They must meet with organization officers at least twice a semester
- D.
They must be a staff member at the home college of the club president
Correct Answer
C. They must meet with organization officers at least twice a semesterExplanation
Organization advisors are required to meet with organization officers at least twice a semester. This suggests that regular communication and interaction between the advisor and officers is necessary for the functioning and success of the organization. It ensures that the advisor stays updated on the activities and progress of the organization, provides guidance and support to the officers, and helps in maintaining accountability and responsibility within the organization.Rate this question:
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- 21.
Who must organizations meet with before any events with alcohol?
- A.
Ellie Ash-Bala
- B.
John Lopes
- C.
Your faculty/staff advisor
- D.
Club or organization's president
Correct Answer
B. John LopesExplanation
Organizations must meet with John Lopes before any events with alcohol. This suggests that John Lopes has a specific role or authority related to alcohol-related events. He may be responsible for ensuring that proper protocols and regulations are followed, or for granting permission for such events. Meeting with him is likely a necessary step in the planning process to ensure compliance and safety.Rate this question:
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- 22.
All events with alcohol require:
- A.
Campus safety officers present
- B.
Server(s) to be present
- C.
Your advisor to be present
- D.
A & B
- E.
A, B, &C
Correct Answer
D. A & BExplanation
Events with alcohol require both campus safety officers and server(s) to be present. Campus safety officers ensure the overall safety and security of the event, while servers are responsible for serving alcohol responsibly and monitoring the consumption of alcohol by attendees. Having both campus safety officers and servers present helps to ensure that the event is conducted in a safe and controlled manner, minimizing the risk of any alcohol-related incidents or issues. The presence of the advisor (option C) is not mentioned as a requirement for events with alcohol.Rate this question:
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- 23.
If alcohol is being served at an event, when should payment for security and servers be received by the ASPC Office?
- A.
Day of the event
- B.
At least 1 day in advance
- C.
At least 1 week in advance
- D.
At least 2 weeks in advance
Correct Answer
C. At least 1 week in advanceExplanation
Payment for security and servers should be received by the ASPC Office at least 1 week in advance when alcohol is being served at an event. This allows the office enough time to make the necessary arrangements and ensure that security and servers are in place for the event. It also gives them enough time to address any last-minute changes or issues that may arise.Rate this question:
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- 24.
If organizations want to apply for the ASPC Security Fund, they must:
- A.
Complete an application at the ASPC Office at least 1 week before the event
- B.
Apply online via CollegiateLink at least 2 weeks before the event
- C.
Email John Lopes
- D.
Attend an ASPC meeting to request funds
Correct Answer
B. Apply online via CollegiateLink at least 2 weeks before the eventExplanation
Organizations must apply online via CollegiateLink at least 2 weeks before the event in order to be eligible for the ASPC Security Fund. This suggests that the application process is primarily conducted online and that the deadline for submitting the application is 2 weeks prior to the event. The other options, such as completing an application at the ASPC Office or emailing John Lopes, are not mentioned as requirements for applying to the fund. Attending an ASPC meeting to request funds is also not mentioned as a mandatory step in the application process.Rate this question:
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- 25.
All organizations must have a faculty/staff advisor.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Having a faculty/staff advisor is important for organizations as they provide guidance, support, and supervision to ensure the organization operates effectively and adheres to the policies and regulations of the institution. Advisors can offer expertise, assist with decision-making, and help in resolving conflicts or issues that may arise within the organization. Their involvement also helps to maintain a connection between the organization and the institution, promoting accountability and fostering a positive relationship. Therefore, it is necessary for all organizations to have a faculty/staff advisor.Rate this question:
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- 26.
CCAVES services are available to support audio/visual needs at student events. CCAVES service cost is:
- A.
$12/hour per technician
- B.
$10/hour per technician
- C.
Free to student clubs/orgs
- D.
$12 flat fee regardless of number of technicians
- E.
$11/hour regardless of number of technicians
Correct Answer
A. $12/hour per technicianExplanation
The correct answer is $12/hour per technician. This means that for every hour of service provided by a technician, the cost is $12. It does not matter how many technicians are needed, the cost remains the same per hour for each technician.Rate this question:
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- 27.
What kind of alcohol can be served at events
- A.
Any form of spirits
- B.
Wine
- C.
Beer
- D.
B & C
- E.
A, B, & C
Correct Answer
D. B & CExplanation
The correct answer is B & C. Wine and beer can be served at events as they are both forms of alcohol. Spirits, which include liquors such as vodka, whiskey, and rum, are also included in the answer. So, any form of spirits, wine, and beer can be served at events.Rate this question:
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- 28.
If you need to cancel an event with alcohol, you must do so before _____ or else you will be charged for ALL security and server costs.
- A.
3 days of the event
- B.
7 days of the event
- C.
10 days of the event
- D.
30 days of the event
Correct Answer
C. 10 days of the eventExplanation
If you need to cancel an event with alcohol, you must do so before 10 days of the event or else you will be charged for ALL security and server costs.Rate this question:
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- 29.
If you cancel an event with alcohol less than 72 hours in advance, which of the following is true?
- A.
You will be charged for security costs
- B.
You will be charged for server costs
- C.
You will lose event privileges for the upcoming 4 academic weeks
- D.
All of the above
Correct Answer
D. All of the aboveExplanation
If you cancel an event with alcohol less than 72 hours in advance, all of the mentioned consequences will apply. This means that you will be charged for security costs and server costs, and you will also lose event privileges for the upcoming 4 academic weeks.Rate this question:
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- 30.
How do you reserve the Sagecoach (bus)?
- A.
On CollegiateLink under SCC Forms
- B.
By emailing the SCC Office staff at [email protected]
- C.
By emailing Brenda Schmit, Sagecoach manager
- D.
By filling out a form in person at the SCC Office
Correct Answer
A. On CollegiateLink under SCC FormsExplanation
To reserve the Sagecoach (bus), one can do so by accessing CollegiateLink and navigating to the SCC Forms section. This suggests that there is a specific form available on CollegiateLink for reserving the bus.Rate this question:
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- 31.
Who can be a voting member of a student flub or organization at the 5Cs?
- A.
Only 5C students
- B.
Any 5C student, staff, & faculty
- C.
Any 5C student, staff, faculty, & Claremont residents
- D.
Only Cecil Sagehen & Baby Cecil
Correct Answer
B. Any 5C student, staff, & facultyExplanation
Any 5C student, staff, and faculty can be a voting member of a student club or organization at the 5Cs. This means that individuals from all five Claremont Colleges (Claremont McKenna, Harvey Mudd, Pitzer, Pomona, and Scripps) who are students, staff, or faculty members are eligible to be voting members. The inclusion of staff and faculty indicates that it is not limited to just students, and the mention of the 5Cs specifically clarifies that individuals from all five colleges can participate. Claremont residents are not mentioned as eligible voting members, so they are excluded from this category. Cecil Sagehen and Baby Cecil are not mentioned as eligible voting members either, so they are also excluded.Rate this question:
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- 32.
If your club or organization has an annual cash flow of at least ____, you must establish baking and accounting procedures with the ASPC Business Office
- A.
$5
- B.
$50
- C.
$100
- D.
$500
Correct Answer
B. $50Explanation
If a club or organization has an annual cash flow of at least $50, they are required to establish banking and accounting procedures with the ASPC Business Office. This indicates that the organization is expected to handle a significant amount of money, and therefore needs to have proper procedures in place to manage and track their finances. A cash flow of $50 or more likely indicates that the organization is actively involved in financial transactions and needs to adhere to certain financial guidelines and regulations.Rate this question:
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- 33.
How do you change your club or organization's primary contact on CollegiateLink?
- A.
Email John Lopes
- B.
Only the president of the club or organization can change it
- C.
Any member can change it
- D.
Any current officer on the roster can change it
- E.
It cannot be changed once it is set for the year
Correct Answer
D. Any current officer on the roster can change itExplanation
Any current officer on the roster can change the primary contact for a club or organization on CollegiateLink. This means that it is not limited to just the president, but any officer who is currently listed on the roster has the ability to make this change.Rate this question:
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- 34.
Any event an organization created on CollegiateLink MUST be open to all 5C students
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The statement is false because an event created on CollegiateLink does not necessarily have to be open to all 5C students. The organization may choose to limit the event to specific groups or individuals, such as members only or invite-only events. Therefore, the statement is incorrect.Rate this question:
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- 35.
If you are cancelling an approved event, who do you need to inform?
- A.
John Lopes
- B.
Susan Sellons
- C.
Ellie Ash-Bala
- D.
A & B
- E.
A & C
Correct Answer
D. A & BExplanation
To cancel an approved event, you need to inform both John Lopes and Susan Sellons. This is because both individuals are mentioned as separate options in the answer choices. Informing both John Lopes and Susan Sellons ensures that all relevant parties are notified about the cancellation of the event. Ellie Ash-Bala is not mentioned as someone who needs to be informed, so option A & C is not the correct answer.Rate this question:
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- 36.
Which of the following is a prohibited item that cannot be purchased with organization allocations derived from student fees?
- A.
Any items that are outside the scope of your organization or the scope of what the organization requested funds for
- B.
Alcohol or illegal drugs
- C.
Charitable gifts
- D.
Clothing items (like T-shirts) that will not remain with the club but will go to individual organization members
- E.
All of the above
Correct Answer
E. All of the aboveExplanation
The correct answer is "All of the above." This means that all of the listed items are prohibited and cannot be purchased with organization allocations derived from student fees. This includes items that are outside the scope of the organization or the requested funds, alcohol or illegal drugs, charitable gifts, and clothing items that will not remain with the club but will go to individual organization members.Rate this question:
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- 37.
You should always disclose that alcohol will be offered on event advertisements.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
It is not necessary to disclose that alcohol will be offered on event advertisements. While it may be a good practice to inform attendees about the availability of alcohol, it is not a legal requirement in most places. The decision to disclose or not depends on the event organizer's discretion and the local regulations governing alcohol advertising.Rate this question:
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- 38.
To request CCAVES services, you must do the following:
- A.
Come into the ASPC Office
- B.
Email John Lopes
- C.
Fill out a form on CollegiateLink
- D.
Email the CCAVES scheduling manager
- E.
Talk to the SCC Building Manager
Correct Answer
C. Fill out a form on CollegiateLinkExplanation
To request CCAVES services, the necessary step is to fill out a form on CollegiateLink. This indicates that the process of requesting services involves submitting a form through the CollegiateLink platform. The other mentioned actions such as coming into the ASPC Office, emailing John Lopes, emailing the CCAVES scheduling manager, or talking to the SCC Building Manager may be additional steps or alternative methods, but the only step explicitly mentioned is filling out a form on CollegiateLink.Rate this question:
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- 39.
To use a college vehicle, you must meet the following criteria:
- A.
Be an approved, registered driver with the ASPC Office
- B.
Reserve your vehicle on CollegiateLink
- C.
Your trip destination must be an organization-related activity
- D.
Fill out the vehicle log book and check-out/return keys immediately to the SCC Office
- E.
All of the above
Correct Answer
E. All of the aboveExplanation
To use a college vehicle, all of the mentioned criteria must be met. This includes being an approved, registered driver with the ASPC Office, reserving the vehicle on CollegiateLink, ensuring that the trip destination is an organization-related activity, and filling out the vehicle log book and checking out/returning keys immediately to the SCC Office. Meeting all of these requirements is necessary in order to be eligible to use a college vehicle.Rate this question:
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- 40.
What procedures must be followed to deposit funds into your organization's account?
- A.
Bring the money into the ASPC Office at any time, in any form
- B.
You may only bring deposits into the ASPC Office on Monday and Wednesday mornings
- C.
You may only bring cash deposits
- D.
You must mail your deposits to the ASPC Office
Correct Answer
A. Bring the money into the ASPC Office at any time, in any formExplanation
The correct answer is "Bring the money into the ASPC Office at any time, in any form." This option states that funds can be deposited into the organization's account at any time and in any form, indicating that there are no specific restrictions or limitations on when or how deposits can be made. This makes it the most flexible and convenient option for depositing funds into the organization's account.Rate this question:
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- 41.
The ASPC has a Security Fund that will cover the cost of all Campus Safety Officers for all events with alcohol
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The statement is false because the ASPC has a Security Fund that covers the cost of Campus Safety Officers for events with alcohol, but not for all events with alcohol.Rate this question:
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- 42.
When may organizations request funding?
- A.
At the Annual 5C Budget Hearings in April for the following year
- B.
At the beginning of each semester
- C.
At any point during the semester
- D.
All of the above
Correct Answer
D. All of the aboveExplanation
Organizations may request funding at the Annual 5C Budget Hearings in April for the following year, as well as at the beginning of each semester and at any point during the semester. This means that organizations have multiple opportunities throughout the year to request funding for their projects or activities.Rate this question:
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- 43.
The ASPC Alcohol Fund will help cover the cost of alcohol
- A.
Only for events at Pomona
- B.
For any 5C event, regardless of location
- C.
For any 5C organization, reardless of location
- D.
Only for college department sponsored events at Pomona
Correct Answer
A. Only for events at PomonaExplanation
The correct answer is "Only for events at Pomona." This means that the ASPC Alcohol Fund will only cover the cost of alcohol for events that take place at Pomona College. It does not apply to events at any other location or for any other 5C organization. Additionally, it specifies that the events must be sponsored by a college department at Pomona.Rate this question:
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- 44.
Contact information must be included on all flyers before they will be approved.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The statement suggests that contact information is a requirement for flyer approval. Therefore, it can be inferred that the correct answer is True, as the statement implies that flyers without contact information will not be approved.Rate this question:
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- 45.
You can reserve space at any of the 5Cs by registering an event on CollegiateLink
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The statement suggests that you can reserve space at any of the 5Cs by registering an event on CollegiateLink. However, the correct answer is false, indicating that this statement is not true. This means that you cannot reserve space at any of the 5Cs by registering an event on CollegiateLink.Rate this question:
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- 46.
Which of the following items/services can be automatically billed to your club account?
- A.
Pomona College Catering Services
- B.
Duplicating Services
- C.
Meals in the dining hall used for club purposes
- D.
A & B
- E.
B & C
Correct Answer
D. A & BExplanation
The correct answer is A & B. This means that both Pomona College Catering Services and Duplicating Services can be automatically billed to your club account. This suggests that these two items/services have a system in place where the charges can be directly added to the club account without the need for manual payment.Rate this question:
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- 47.
Organization funds do not roll over from previous years.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
This statement is false because organization funds can roll over from previous years. Rollover funds are the remaining funds from a previous budget period that can be carried forward and used in the following budget period. This allows organizations to save and accumulate funds over time for future use. Therefore, the correct answer is false.Rate this question:
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