Which of the Following Is NOT a Characteristic of the Budgeting

question 130

Multiple Choice

Which of the following is NOT a characteristic of the budgeting process?

• A) The budget process helps coordinate the activities of the organisation.
• B) The budget process ensures that the business will make a profit.
• C) The budget process forces management to plan ahead.
• D) The budget process aids in performance evaluation.

Gain insights into the economic models and their use in simplifying and understanding real-world economic phenomena.

Recognize the effects of economic policies and systems on social welfare and income distribution.

Understand the components and computation of beginning and ending capital balances in partnership accounts.

Apply the income and loss sharing ratios in partnerships to solve for distributions and capital allocations.

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Definitions:

High Deductible

Refers to a health insurance policy with a higher deductible amount, requiring the insured to pay more out-of-pocket costs before the insurance starts covering medical expenses.

Qualified Health Plan

A health insurance plan that meets the requirements set by the Affordable Care Act, including essential health benefits, consumer protections, and coverage for pre-existing conditions.

Medicare Advantage

A type of health insurance plan in the United States offered by private companies, providing Medicare benefits.

Contribute

To give or supply in common with others; adding to a greater whole or cause.