On Average,how Long Does It Usually Take to Construct an Annual

question 35

Multiple Choice

On average,how long does it usually take to construct an annual budget?

• A)one season,or about 3-4 months
• B)about 6 months,or a half year
• C)18 months,or about a year-and-a-half
• D)2 years,because the legislature only meets every other year

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Definitions:

Service Revenue

Income earned by a company for the services it has provided to its customers.

Common Stock

Represents ownership shares in a corporation, giving holders a claim on part of the company's profits and assets.

Unearned Revenue

Revenue received by a company for goods or services that are yet to be delivered or performed.

Cash

Money in the form of currency that is used to conduct transactions.