The Type of Budget Which Serves as the Original Benchmark

question 6

Multiple Choice

The type of budget which serves as the original benchmark for evaluating performance is called:

• A) a static budget
• B) a flexible budget
• C) a balanced budget
• D) a cost budget

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Definitions:

Fisheries

The industry or activity of catching, processing, and selling fish and seafood.

Resource Problem

Challenges associated with the allocation, use, and sustainability of resources, impacting economic and environmental outcomes.

Running Out

A situation where a resource or supply becomes scarce or is completely used up.

Oil

A natural resource used predominantly as a fuel source and in the production of various chemicals and materials.