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:

Random Selection

A method of selecting individuals or units in such a way that each member of the population has an equal chance of being selected.

Blocking Variable

A variable that is used to group experimental units in a way that reduces variation in the response variable.

Weather

The condition of the atmosphere at a particular place and time, including temperature, humidity, wind, and precipitation.

Grazing Varieties

Types or breeds of animals or plants that are particularly suited or used for grazing, affecting ecosystems and agricultural practices.