What Can You Do If Your Budget Shows an Annual

question 162

Multiple Choice

What can you do if your budget shows an annual budget deficit?

• A) Liquidate enough savings and investments to meet the total budget shortfall for the year.
• B) Borrow enough to meet the total budget shortfall for the year.
• C) Cut low-priority expenses from the budget.
• D) Increase Income.
• E) All of the above.

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Definitions:

Corporation Law

A body of law governing the formation, operation, and dissolution of corporations.

Corporate Affairs

Activities and operations related to the management and governance of a company, including compliance with legal and regulatory requirements, stakeholder relations, and strategic planning.

Derivative Action

A lawsuit brought by a company shareholder against company directors, officers, or others for misconduct.

Rectification Action

A legal process aimed at correcting a mistake in a document to reflect the true intention of the parties involved.