Which of the Following Terms Is Not an Alternative for a Master

question 142

Multiple Choice

Which of the following terms is not an alternative for a master budget?

• A) Budget plan.
• B) Static budget.
• C) Profit plan.
• D) Planning budget.

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Definitions:

Compounded Annually

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a yearly basis.

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return.

Future Value

The amount to which some current amount of money will grow if interest earned on the amount is left to compound over time.

Imperfectly Competitive

A market structure where individual firms have some control over the price of their products due to factors like brand differentiation and barriers to entry.