Which of the Following Terms Refers to an Actual Cost

question 71

Multiple Choice

Which of the following terms refers to an actual cost rather than an estimate?

• A) Budget.
• B) Encumbrance.
• C) Expenditure.
• D) Appropriation.

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Definitions:

Annual Picnics

Yearly social events often held outdoors involving a shared meal or activities, sometimes organized by workplaces or communities.

Company Functions

The operations and activities carried out by a business to achieve its objectives, such as marketing, finance, and human resources.

Organizational Stories

Narratives shared within an organization that embody its values, culture, and history, often used to socialize and instruct employees.

Renewed Energy

The revitalization or invigoration of physical or mental strength and vigor, often following a period of rest or change.