A Budgeting System That Has, in Effect, a Budget for a Set

question 2

Multiple Choice

A budgeting system that has, in effect, a budget for a set number of periods (that is, a constant planning horizon) at all times is called a(n) :

• A) Financial budget
• B) Operating budget
• C) Rolling financial forecast
• D) Capital budget
• E) Master budget

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Definitions:

Historical Data

Refers to collected information and records from past periods used to analyze trends, forecast future occurrences, or serve as a basis for research.

Human Capital

The collective skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Firm-specific Human Capital

The unique skills and knowledge that employees acquire through training and experience, contributing directly to the success of their specific employer.

Technical Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country, particularly those skills relevant to technical or engineering tasks.