The Term "____" Is Used to Label Any Condition in Which

question 82

Multiple Choice

The term "____" is used to label any condition in which one or more optional relationships exist.

• A) participation
• B) optionality
• C) cardinality
• D) connectivity

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Definitions:

Budgets

Formal quantitative plans for the financial management of resources over a specified period, often used for controlling and directing resources.

Budgeted Income Statement

A financial report projecting revenue, expenses, and net income for a future period, based on management's expectations.

Budgeted Balance Sheet

A financial statement that projects the financial position of a company at a future date, showing expected assets, liabilities, and equity based on planned operations and initiatives.

Continuous Budget

A rolling budget for a 12-month period where the budget moves forward one month (or another period) as the current month (or period) is completed.