Which of the Following Statements Is Correct

question 24

Multiple Choice

Which of the following statements is correct?

• A)Budgets are limited to projecting cash inflows and outflows.
• B)Budgets serve as a planning and control tool.
• C)GAAP standards are used in budget development.
• D)Budgets serve as a standard by which estimated performance is compared.

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Definitions:

Bilingualism

The ability of an individual to use and understand two languages, often improving cognitive abilities and cultural awareness.

Cognitive Benefits

Advantages related to brain-based skills and functions, such as improved memory, attention, and problem-solving abilities.

Vision Loss

A decrease in the ability to see to a degree that causes problems not fixable by usual means, such as glasses or contact lenses.

Cognitive Training

A set of exercises designed to improve specific brain functions including memory, attention, and problem-solving skills.