A Continuous (Rolling)budget

question 54

Multiple Choice

A continuous (rolling) budget

• A)presents the plan for a range of activity so that the plan can be adjusted for changes in activity levels.
• B)presents a statement of expectations for a period of time but does not present a firm commitment.
• C)presents the plan for only one level of activity and does not adjust to changes in the level of activity.
• D)drops the current month or quarter and adds a future month or quarter as the current month or quarter is completed.
• E)classifies budget requests by activity and estimates the benefits arising from each activity.

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Definitions:

Mathematical Statistics

The application of mathematics to the collection, analysis, interpretation, and presentation of numerical data.

Descriptive Statistics

Statistical procedures that summarize, organize, and simplify data in order to describe its main features.

Correlational Statistics

Mathematical methods used to measure and describe the relationship between two variables.

Experimental Group

In research, the group of participants that receives the treatment or intervention under investigation to assess its effect.