Items That Should Be Considered in Developing a Revenue Budget

question 12

Multiple Choice

Items that should be considered in developing a revenue budget for a professional firm include all of the following except:

• A)Expected new business.
• B)Expected mix of professional labor hours.
• C)Expected mix of work.
• D)All of these should be considered in preparing a revenue budget for a professional firm.

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Definitions:

Expansive

Having the capacity or tendency to expand, extend, or encompass a wide range.

Purposeful

Having a clear aim or goal; being intentional in one's actions or decisions.

Fun

Enjoyment, amusement, or lighthearted pleasure.

Csikszentmihalyi

Mihaly Csikszentmihalyi, a Hungarian-American psychologist known for developing the concept of flow, a state of heightened focus and immersion in activities.