Which of the Following Must Be Addressed If Budgets Are

question 19

Multiple Choice

Which of the following must be addressed if budgets are to be used in performance evaluation?

• A)determine how budgeted amounts should be compared with actual results
• B)consider the impact of budgets on human behaviour
• C)both a and b
• D)neither a nor b

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Definitions:

Investment

The practice of dispensing finances with the goal of making a profit or generating income.

Years

A unit of time equal to 365 days (or 366 days in a leap year) used to measure duration or age.

Total Dollar Return

The overall financial gain or loss on an investment, including capital gains, interest, dividends, and distributions, calculated in absolute dollar terms.

Shares

Instruments of corporate or financial asset ownership, shares entitle owners to a proportional division of profits, paid as dividends, upon declaration.