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:

Successors

Individuals designated or qualified to take over a role, position, or title in the event of vacancy or retirement.

Working Generation

The group of individuals currently active in the workforce, contributing their labor and skills to the economy.

John Holland's Model

A theory that matches individuals' preferences in work environments to six personality types, aiding in career choice and satisfaction.

Social People

Individuals who exhibit a high degree of sociability, enjoying being with others and participating in social activities.