Name the Four General Types of Budgets

question 59

Essay

Name the four general types of budgets.

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Definitions:

Past Ten Years

The time period stretching back from the current date to a decade ago.

Services

Intangible products that cannot be stored, touched, or seen and are consumed at the point of delivery, such as healthcare, education, and financial advising.

Present Value

The present value of a future amount of money or series of cash flows, considering a certain interest rate.

Semiannually

Semiannually means occurring twice a year, typically at six-month intervals.