When Drafting an Income Budget, Such as Estimating the Number

question 3

Multiple Choice

When drafting an income budget, such as estimating the number of billable hours a timekeeper will bill, it is recommended that you use a ____________________ estimate, because you do not want to overestimate income. ​

• A)liberal
• B)conservative
• C)total guess
• D)recent year's
• E)none of the above

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Definitions:

Rating

An assessment or evaluation of something, typically in terms of quality, quantity, or some combination of factors.

Voting

The act of making a choice or expressing an opinion in a group by casting a ballot, raising a hand, or using any other method designated for decision-making.

Traditional Brainstorming

A conventional method of generating numerous ideas within a group setting without initial evaluation or critique.

Interacting

The act of communicating or working with others, often involving exchange of ideas or collaboration.