Which of the Following Statements Is Incorrect

question 61

Multiple Choice

Which of the following statements is incorrect?

• A) A continuous twelve-month budget results from dropping the month just ended and adding a future month.
• B) The production budget is derived from the direct materials and direct labor budgets.
• C) The cash budget shows anticipated cash flows.
• D) In the budget process for not-for-profit organizations the emphasis is on cash flow rather than on revenue and expenses.

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Definitions:

Human Experts

Individuals with extensive knowledge or skills in a particular area, often acquired through experience and education.

Legal Evidence

Information or material presented in court to prove or disprove alleged facts in a case.

Computer Systems

Integrated assemblies of hardware, software, and peripherals that are designed to process, manage, and communicate data.

Automated Programs

Software applications that perform tasks or processes without human intervention, often used to streamline repetitive tasks.