Which One of the Factors Below Is Not a Major

question 56

Multiple Choice

Which one of the factors below is not a major influence on the length of budget periods?

• A)The nature of the organization
• B)The type of budget
• C)Prevailing business conditions
• D)The profitability of the company

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Definitions:

Non Est Factum

Non est factum is a legal defense meaning "it is not my deed," used when a person signs a document mistakenly or without understanding its nature, effectively nullifying the contract.

Functionally Illiterate

Describes individuals who, despite having basic reading and writing skills, are unable to perform tasks requiring literacy in everyday life contexts successfully.

Deed Transferring

A legal document that conveys ownership of real property from one party to another.

Non Est Factum

A defense in contract law allowing a signing party to void the contract due to a fundamental misunderstanding of its nature.