Budget Appropriations for Governmental Funds Ordinarily Cover Only One Year

question 4

True/False

Budget appropriations for governmental funds ordinarily cover only one year, while capital budgets are often multi-year.

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Definitions:

Intellectual

Pertains to activities or elements that involve deep thinking, reasoning, and the ability to understand complex ideas.

Emotional

Relating to feelings or expressions of feelings, including those involved in the complex experiences of the human psyche.

Physical

Relating to the body as opposed to the mind or emotions; involving biological or material properties.