The Type of Budget That Can Be Adjusted Over Time

question 13

Multiple Choice

The type of budget that can be adjusted over time for changing environmental conditions is known as a(n) ______ budget.

• A)operating
• B)incremental
• C)zero-based
• D)variable or flexible
• E)cash

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Definitions:

Rule-Based Organizations

Organizations that operate according to set rules, procedures, and standards to ensure consistency and uniformity in decision-making and actions.

Decentralized Organizations

An organizational structure where decision-making authority is distributed among various levels, rather than being concentrated at a single point.

Project Duration

Project duration refers to the total amount of time needed to complete a project from its initiation to its closure.

External Attribute

Characteristics or features of a product or service that can be observed and measured by users or customers, distinct from internal workings.