Which of the Following Statements Best Describes a Budget

question 66

Multiple Choice

Which of the following statements best describes a budget?

• A) It is a statement of expected results expressed in numerical terms.
• B) It is document that describes the organizational goals and objectives.
• C) It is a computerized system designed to produce information.
• D) It is a graphical depiction of the relationship of volume of operations to profits.
• E) It is the point at which sales revenues are the same as expenses.

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Definitions:

Subjective Influences

Personal opinions, feelings, and biases that can affect an individual's perception and decisions.

Group Decision Making

The process where a group of individuals collectively make a choice from the alternatives before them.

Task Group

A group formed with the specific purpose of achieving a goal or completing a job, project, or assignment within a defined period.

Decision Making

is the cognitive process of selecting a course of action from among multiple alternatives.