Which Is the Science of Controlling and Measuring the Reliability

question 4

Multiple Choice

Which is the science of controlling and measuring the reliability of information through the theory of probability?

• A) archaeology
• B) statistics
• C) mathematics
• D) sampling

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Definitions:

Zero-based Budget

A budgeting method that starts from zero each new period, requiring all expenses to be justified for each new period.

Monthly Operating Budget

A financial plan that outlines expected income and expenses for a business over a one-month period, helping to manage resources and achieve financial goals.

Single-use Plan

A specific plan aimed at achieving a particular goal or solving a singular problem, not intended for repeated use.

Operational Plans

Detailed plans developed to implement strategic initiatives at a tactical level, focusing on short-term actions and resources.