Chivalry

question 59

Multiple Choice

Chivalry:

• A)was the term used to describe the relationship between women and men during the medieval period.
• B)was limited to the specific orders established in England and France to reward service to the king.
• C)was a means of legitimizing social positions acquired through either bravery or skill.
• D)simply was a title given to the chief aide to a king during a time of war.
• E)comes from a Latin word meaning an archer held in reserve during battle.

---

Definitions:

Budgeted Disbursements

Forecasted cash outflows for a specific period, often part of a company's cash budget and crucial for managing liquidity.

Desired Balance

The targeted amount of funds or resources a company or individual aims to have available at a certain point in time for a specific purpose.

Excess (Deficiency)

The difference between what was budgeted or expected in financial projections and the actual amount received or spent, indicating a surplus or shortfall.

Master Budget

A comprehensive financial planning document that consolidates all of an organization's budgets for various departments or activities.