A Master Budgets Is an Example of A(n)

question 84

Multiple Choice

A master budgets is an example of a(n) :

• A)static budget.
• B)flexible budget.
• C)zero-based budget.
• D)incremental budget.

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Definitions:

Normative Statements

Statements that express value judgments or opinions about what ought to be rather than statements of fact.

Positive Theories

Positive theories attempt to describe how the world is, focusing on factual statements and cause-effect relationships without prescribing what actions should be taken.

Congressional Budget Office

The Congressional Budget Office is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress.

John Maynard Keynes

A British economist whose theories on government intervention in economies (Keynesian economics) have greatly influenced modern economic policies.