A Static Budget Is Another Name for The

question 47

Multiple Choice

A static budget is another name for the:

• A) operating budget
• B) master budget
• C) financial budget
• D) strategic budget

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Definitions:

CCA Class

Refers to the categories under the Canadian tax system specifying the depreciation rate that can be claimed on assets for tax purposes.

Tax Shield

A reduction in taxable income for an individual or corporation achieved through allowable deductions such as mortgage interest, medical expenses, or depreciation.