Which One of the Following Is a Critical Factor in Budgeting

question 101

Multiple Choice

Which one of the following is a critical factor in budgeting for a service company?

• A)coordinating professional staff needs with anticipated services
• B)determining how to allocate the disproportionate costs
• C)budgeting expenditures before anticipated receipts
• D)determining client needs

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Definitions:

Estimable

The ability to be estimated or quantified, often used in contexts where financial figures or outcomes need to be projected or approximated.

Quick Ratio

A measure of liquidity that calculates a company's ability to cover its short-term liabilities with its most liquid assets.

Assets

Economic resources owned or controlled by a business or entity that are expected to provide future benefits.

Liabilities

Liabilities are financial obligations or debts that a company owes to others, including loans, accounts payable, mortgages, and other forms of owed money.