Which One of the Factors Below Is NOT a Major

question 55

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:

Long-Run Equilibrium

A state in a market where all firms are making normal profits, and there is no incentive for firms to enter or exit the industry.

Plaster

A building material used for coating walls and ceilings, which hardens after application.

Labor

The human effort, both physical and mental, that is used to produce goods and services.

Interest Rate

The percentage of a sum of money charged for its use, often expressed as an annual rate in the context of loans or savings.