Which of the Following Is Not a Reason That Actual

question 91

Multiple Choice

Which of the following is not a reason that actual results may deviate from planned performance?

• A)A bottom-up approach to budgeting was used.
• B)Managers have done a particularly good or particularly poor job of managing operations.
• C)Conditions have changed since the budget was developed.
• D)The budget was poorly conceived and constructed.

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Definitions:

Future Value

The predicted amount of money that an investment will grow to at a specific date in the future, considering a certain rate of interest or growth.

Accurate To The Cent

A high level of precision in financial calculations, indicating that amounts are exact to the smallest denomination of currency.

Ordinary General Annuity

A chain of consistent payment transactions transpiring at the end of regular intervals within a set duration.

Present Value

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