The Advantage of a Continuous Budget Is

question 23

Multiple Choice

The advantage of a continuous budget is:

• A)that it is less costly to produce.
• B)that it eliminates the need for annual planning.
• C)that it saves time for other management activities.
• D)that the final budget for any quarter should be more accurate.

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Definitions:

Industry Depicted

A graphical or descriptive representation of a sector's characteristics, trends, and dynamics.

Graph

A diagram representing data, showing the relationship between two or more variables; typically consists of lines, bars, or symbols.

Exercising Market Power

The action taken by a firm or entity to utilize its market power to influence market conditions, such as price and production levels.

Monopolists

Entities or firms that have exclusive control over the market for a particular good or service, thereby eliminating competition.