One Way Companies Deal with Uncertainty in the Budgeting Process

question 93

True/False

One way companies deal with uncertainty in the budgeting process is by budgeting some "miscellaneous" or "contingent" expenses.

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Definitions:

Drivers Lease Company

A concept that might refer to businesses offering lease agreements for vehicles, specifically targeting drivers for personal or commercial use, though "Drivers Lease Company" as a specific term may not be widely recognized.

Oceangoing Vessel

A ship designed and equipped to travel across oceans.

Merchant's Firm Offer

A legal concept in commercial law where a merchant offers to sell goods in a written and signed promise that the offer will remain open and cannot be revoked for a certain period of time.

Lease

A contractual agreement by which one party conveys property, land, or services to another for a specified time, usually in return for a periodic payment.