To Be Effective, Budgets Are Prepared Independently of Organizational Forecasts

question 189

True/False

To be effective, budgets are prepared independently of organizational forecasts.

---

Definitions:

Gold Futures

Standardized contracts to buy or sell gold at a specified future date and price, used by investors for hedging and speculative purposes.

Long Position

An investment strategy where an investor buys securities with the expectation that they will rise in value over time.

Agricultural Futures

Contracts to buy or sell agricultural commodities at a predetermined price at a specified time in the future, used for hedging or speculating on the price movement of these commodities.