One Statement About Budgeting That Is Generally True Is

question 96

Multiple Choice

One statement about budgeting that is generally true is

• A)manufacturing companies spend more time on budgets than do service companies.
• B)service company budgets tend to change only if there is a major increase or decrease in sales levels from year to year.
• C)the budget process is an element of a company's activities and should be used throughout the year to evaluate performance.
• D)the budget process is useful to assure shareholders that their interests will be looked after.

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Definitions:

Actual Confinement

The physical detention of a person within a facility such as a prison or jail.

Harmful Contact

Harmful contact refers to physical contact intentionally made by one person to another that results in injury or damage.

Probable Cause

A legal standard that requires a reasonable basis for believing that a crime may have been committed, often used in the context of warrant issuance.

Reasonable Duration

An amount of time that is fair and appropriate under the circumstances, without being excessively long or unduly short.