Which of the Following Is NOT a Budget Typically Prepared

question 44

Multiple Choice

Which of the following is NOT a budget typically prepared for an activity accounted for in a proprietary fund?

• A) Appropriation budget.
• B) Cash budget.
• C) Capital budget.
• D) Flexible budget.

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Definitions:

Interest Rate

The cost of borrowing money or the return on investment for savings, usually expressed as a percentage.

Utility Function

A mathematical representation of how different quantities of goods or services increase a consumer's satisfaction or happiness.

Risk Averse

A description of an individual or entity's preference to avoid risk, choosing certainty over potential higher rewards that come with greater risk.

Profitability

A financial metric indicating the extent to which a person or business generates more revenue than the costs incurred in producing its goods or services.