Which of the Following Is NOT a Budget Typically Prepared

question 44

Multiple Choice

Which of the following is NOT a budget typically prepared for an activity accounted for in a proprietary fund?

• A) Appropriation budget.
• B) Cash budget.
• C) Capital budget.
• D) Flexible budget.

---

Definitions:

Apparent Authority

An agent’s ability to affect the principal’s legal relations. Consent must be communicated to the third party.

Restatement (Third)

The third update to a set of model civil and criminal statutes designed to clarify, modernize, and otherwise improve American law.

Renunciation

Occurs when either party manifests to the other that he does not wish the agency to continue. This is done by the agent.

Revocation

The act of withdrawing, cancelling, or annulling a legal right, license, or agreement formally and officially.