Which of the Following Statements Is False

question 57

Multiple Choice

Which of the following statements is false?  

• A) By 1773, it was clear that a colonial rebellion was inevitable.
• B) British officials granted the British East India Company a monopoly in the colonies to prevent its bankruptcy.
• C) Anger at the tea tax led to mass efforts to turn cargo ships around in New York, Philadelphia, and Annapolis.
• D) Bostonians dressed as Indians dumped 342 chests of tea into Boston harbor in protest of the tea tax.
• E) Some Bostonians supported the Boston Tea Party; others disagreed with the destruction of property.

---

Definitions:

Continuous Budget

A rolling budget for a 12-month period where the budget moves forward one month (or another period) as the current month (or period) is completed.

Perpetual Budget

A continuously updated budget that adjusts and rolls over to subsequent periods as the financial year progresses.

Rolls Forward

A term used in accounting to describe the process of moving figures from one period to the next, often related to budgets or forecasts.

Budgets

Financial plans that outline expected revenues and expenditures for a specific period, guiding spending and investment decisions.