The Number and Type of Intervals in the Cash Budget

question 21

True/False

The number and type of intervals in the cash budget depend on the nature of the business. The more seasonal and uncertain a firm's cash flows, the greater the number of intervals and the shorter the time intervals.

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Definitions:

Mutually Exclusive

Two or more events that cannot happen at the same time; if one occurs, the other cannot.

Levels of Organization

The ranking of structures in a hierarchical fashion, from simplest to most complex, commonly used in fields like biology to categorize the structure of organisms.

Essential Attributes

Fundamental or necessary qualities inherent in a subject or object that define its nature or essence.

Mutually Exclusive

A condition in which two or more propositions or events cannot be true or occur at the same time.