Which of the Following Items Does Not Follow from the Adoption

question 189

Multiple Choice

Which of the following items does not follow from the adoption of a budget?

• A) Promote efficiency
• B) Deterrent to waste
• C) Basis for performance evaluation
• D) Guarantee of accomplishing the profit objective

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Definitions:

Imported

Goods or services brought into a country from abroad for sale, contrasting with domestic products or services.

Producer Surplus

The discrepancy between what sellers are prepared to accept for a product or service and the actual amount they end up receiving.

Trade

The exchange of goods, services, or both between two or more parties across different geographies or markets.

World Price

The global equilibrium price of a good or service, determined by worldwide supply and demand.