Which One of the Following Is Correct Concerning a Budget

question 35

Multiple Choice

Which one of the following is correct concerning a budget period?

• A)A budget is prepared to summarize the organization's activity for the month, quarter, or year just completed.
• B)A budget can be prepared for any period of time.
• C)A budget must be prepared for a one year period.
• D)A budget can be prepared for any period of time, but once that period has been adopted it cannot be changed.

---

Definitions:

Coefficient of Correlation

A statistical measure that computes the strength and direction of a linear relationship between two variables.

Direction

The course along which someone or something moves, or a particular position or orientation regarding space or time.

Coefficient of Correlation

A numerical measure that denotes the strength and direction of a linear relationship between two variables.

Linear Relationship

describes a direct proportionality between two variables, meaning as one variable increases or decreases, the other does so in a constant rate.