Which of the Following Is Not a Characteristic of a Participative

question 19

Multiple Choice

Which of the following is not a characteristic of a participative budget?

• A)It will produce a more accurate budget than an imposed budget.
• B)It tends to elicit more commitment to the budget than a top-down budget.
• C)It is the most efficient method of budget preparation.
• D)It is a time-consuming process as many people must provide input.

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Definitions:

Annuity

A fiscal instrument providing a constant flow of payments to a person, mainly serving as a source of income for individuals in retirement.

Periods

Intervals of time into which financial or operational activities are divided for reporting, planning, or analysis purposes.

Future Value

The value of an investment or sum of money at a specified date in the future, taking into account interest or capital gains.

Ordinary Annuity

A series of equal payments made at fixed intervals over a specified period.