Which of the Following Statements Is Correct

question 62

Multiple Choice

Which of the following statements is correct?

• A)Long-range planning is just another term for budgeting.
• B)Budgeting and long-range planning differ with respect to emphasis, detail and time period.
• C)The only difference between budgeting and long-range planning is the time frame.
• D)Budgeting is the first step in long-range planning.

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Definitions:

Mental Age

A measure of an individual's cognitive ability compared to the average cognitive ability of an age group, often used in IQ tests.

Stanford-Binet

A method of measuring intelligence through a standardized IQ test, originally developed by Alfred Binet and later revised at Stanford University.

IQ

A measure of a person's intelligence as indicated by an intelligence test, expressed as a score relative to a statistically normal curve.

WAIS

The Wechsler Adult Intelligence Scale, a commonly used test for assessing adult intelligence.