What does his acknowledgment of wasted money suggest?

The chosen answer effectively captures the essence of the acknowledgment about wasted money. It suggests a personal acknowledgment, indicating that he is openly recognizing his past mistakes regarding financial spending. This implies a level of self-awareness and accountability, as he admits to having incurred wasteful expenses.

This choice aligns closely with the overall theme of accepting responsibility for one’s actions. By stating "by his own admission," it emphasizes that the individual is personally owning up to the situation without placing blame elsewhere. The focus is on the impact of that acknowledgment, illustrating his recognition of having made poor financial decisions.

In contrast, other options may misrepresent the context. For instance, some use terms like "confirms" or "recognizes," which may not convey the same personal engagement or ownership of the situation as "by his own admission." Additionally, any implication of having been prudent with spending would directly contradict his acknowledgment of wasted money, as prudence usually suggests careful and thoughtful expenditure, which is not aligned with the notion of waste. Thus, the chosen response aligns perfectly with the intent behind acknowledging wasted money.