A Budget Is a Financial Plan That Serves as a Guide

question 17

Multiple Choice

A budget is a financial plan that serves as a guide to control and oversee future activities. The budgeting cycle incorporates all of the following components EXCEPT:

• A) Executive preparation and execution
• B) Legislative consideration
• C) Leading and controlling
• D) Audit and evaluation

---

Definitions:

Mutually Exclusive Projects

Projects in which the acceptance of one proposal means the others cannot be pursued, requiring a choice to be made.

Capital Budgeting Analyses

The process of evaluating investment opportunities and deciding which capital expenditures will provide the most value over time.

Delivery Truck

A vehicle specifically designed and used for transporting goods from one location to another, often utilized by businesses for logistical purposes.

Metal Stamping Press

A machine tool used in manufacturing to shape or cut metal by deforming it with a die.