A Cash Budget Will Have Value Only If It Is

question 4

Multiple Choice

A cash budget will have value only if it is actually used and:

• A) careful records of actual income and expenses are kept.
• B) spending never deviates from the budgeted amount.
• C) it reflects actual financial position.
• D) it takes into account only credit transactions.
• E) all liabilities are paid.

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Definitions:

Libido

The sexual energy that fuels the id.

Sexual Energy

The vitality and enthusiasm related to sexual feelings and activities, often considered as a driving force of creativity and relationship dynamics.

Id

According to Freud, the psychological force that produces instinctual needs, drives, and impulses.

Rational Thinking

The process of thinking clearly, logically, and applying objective judgment based on facts and reason, rather than emotions or irrational beliefs.