Which of the Following Would Not Be Considered an Aspect

question 113

Multiple Choice

Which of the following would not be considered an aspect of budgetary control?

• A) It assists in the determination of differences between actual and planned results.
• B) It provides feedback value needed by management to see whether actual operations are on course.
• C) It assists management in controlling operations.
• D) It provides a guarantee for favorable results.

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Definitions:

Historical Cost

The original monetary value of an asset or transaction, based on the amount paid or the value at the time it was acquired.

Financial Capital Maintenance

A concept in accounting where profit is measured as the increase in financial or monetary capital, ignoring changes in the purchasing power of money.

Net Assets

The total assets of a company minus its total liabilities.

Financial Flexibility

The ability of an entity to adapt its capital structure or operating strategies to respond to unforeseen needs, opportunities, or obligations.