A Budget That Is Based on the Actual Activity of a Period

question 219

Multiple Choice

A budget that is based on the actual activity of a period is known as a:

• A) continuous budget.
• B) flexible budget.
• C) static budget.
• D) master budget.

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Definitions:

Hasty Generalization

A logical fallacy where a conclusion is drawn from insufficient evidence or sample size.

Slippery Slope Fallacy

A logical fallacy suggesting that a relatively small first step will lead to a chain of related events culminating in some significant effect, often negative, without adequate evidence to support that outcome.

Undesirable Outcome

A result or consequence that is not wanted or is considered negative.

Slippery Slope

A logical fallacy or argumentative strategy suggesting that a relatively small first step leads to a chain of related events culminating in some significant impact, often negative.