Which of the Following Statements About a Budget Is True?​

question 62

Multiple Choice

Which of the following statements about a budget is true?​

• A)It is usually general and not specific.
• B)It is first and foremost a plan.
• C)It is usually developed for only a part of a firm.
• D)It continues even after the stated period is over.

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Definitions:

Encoding Specificity Principle

A principle that suggests the recall of information is improved when the contexts present at encoding and retrieval are similar.

Depth-Of-Processing Principle

A theory suggesting the depth (shallow to deep) of mental processing affects memory recall, with deeper processing leading to better recall.

Serial-Order Effect

a phenomenon observed in psychology where the position of an item in a sequence affects the likelihood of its recall.

Depth of Processing

A concept in cognitive psychology that describes how deeply information is thought about or processed, which affects memory retention.