Which of the Following Is Correct Concerning a Budget

question 11

Multiple Choice

Which of the following is correct concerning a budget?

• A)It is a formal document that quantifies a company's plans for achieving its goals.
• B)It is prepared by the budget committee.
• C)It identifies the causes of significant deviations from expected performance.
• D)All of the answer choices are correct.

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Definitions:

Additional Education

Refers to further formal or informal learning undertaken after completing a level of education, to enhance skills or gain new knowledge.

Workforce

The pool of individuals in a country or company eligible for and engaged in employment, including both employees and those seeking employment.

Discretionary Income

The amount of an individual's income left for spending, investing, or saving after taxes and personal necessities have been paid.

Fiscal Policy

Government policies related to taxation and spending that are used to influence a country's economic conditions.