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.

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Definitions:

Climate Change

Long-term alterations in temperature, precipitation, and other atmospheric conditions on Earth, primarily due to human activities.

Secondary Cause

A contributing factor that is not the direct or primary cause of an outcome but plays a role in its occurrence.

Wild Species

Plant and animal species that exist in their natural habitat and are not domesticated or modified by humans.

Tropical Regions

Geographic areas that are located near the Equator, characterized by warm temperatures year-round, high humidity, and significant rainfall.