Preparing a Budget for Several Periods in the Future, Then

question 13

Multiple Choice

Preparing a budget for several periods in the future, then revising it several times prior to the budget period is called a:

• A)rolling budget.
• B)participative budget.
• C)top-down budget.
• D)single-period budget.

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Definitions:

Model

A representation of an object or system, often smaller than the original, used in simulations, analysis, teaching, or as a basis for design or understanding.

Self-efficacy

Our feeling of adequacy, efficiency, and competence in coping with life.

Parenting Skills

A set of competencies and strategies that parents employ to effectively raise, nurture, and guide their children.

Adulthood

A mature stage of life after adolescence, characterized by fully developed physical, mental, and emotional capabilities, and usually marked by responsibilities such as a career and family.