When Creating a Budget,which of the Following Statements Is True

question 44

Multiple Choice

When creating a budget,which of the following statements is true?

• A) Include in income the bonuses and gifts you expect to receive.
• B) It is easier to create a budget if your earnings vary.
• C) Common financial problems can be maximized through budgeting.
• D) Numbers in the budget are estimates.
• E) It is better to overestimate your income for next year.

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Definitions:

Barter

The trade of goods or services among individuals without employing money as a means of transaction.

Desk

A piece of furniture with a flat top and legs, used for writing, working or using a computer.

Box of Tools

Metaphorically refers to a set of skills, strategies, or resources available to individuals or organizations for performing tasks or solving problems.

Economic Goods

Items or services that have a price and are scarce in relation to their demand, thus necessitating economic decision-making.