Which One of the Following Statements Describes a Budget Report

question 9

Multiple Choice

Which one of the following statements describes a budget report?

• A)It is the preparation of long-term plans.
• B)It is a comparison of actual results with planned objectives.
• C)It includes the valuation of inventories.
• D)It is voted on and approved by the stockholders.

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Definitions:

Discrete

Refers to a type of quantitative variable that can assume a countable number of distinct values, often representing categories or counts.

Random Variable

A random phenomenon's numerical outcomes manifested in a variable.

Discrete Random

Refers to a type of random variable that can take on a countable number of distinct values, such as whole numbers, but not fractions.

Number Of Customers

The total count of individuals or entities that purchase or use a company's products or services.