A Budget That Has Been Prepared Only Once Prior to the Budget

question 78

Multiple Choice

A budget that has been prepared only once prior to the budget period is called a:

• A)continuous budget.
• B)zero-based budget.
• C)discretionary budget.
• D)single-period budget.

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Definitions:

Premium Price

The higher price charged for a product or service that is perceived to have a greater value compared to its alternatives.

Bond Quoted

The price or rate at which a bond is currently trading in the market.

Purchase Cost

The total expenditure incurred to acquire a good or service, including the purchase price and additional expenses.

Accrued Interest

Interest that has been earned but not yet received or paid out, commonly associated with bonds and loans.