A Disadvantage of Rolling Budgets Is That They

question 107

Multiple Choice

A disadvantage of rolling budgets is that they:

• A) cost more to execute than annual budgets.
• B) require organisations to re-think how they manage their business.
• C) only relevant in uncertain environments.
• D) are very complicated relative to annual budgets.

Understand the significance of government purchases and their contribution to GDP.

Comprehend the role of Social Security payments and education spending in GDP.

Calculate personal income and disposable personal income from given data.

Understand the calculation and significance of net exports, real GDP, and the GDP deflator.

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Definitions:

Genus Pongo

The taxonomic group that includes the great apes known as orangutans, native to Indonesia and Malaysia.

Orangutans

Large apes native to Indonesia and Malaysia, known for their red-brown hair and highly intelligent, solitary behavior.

Placenta

The partly fetal and partly maternal organ whereby materials are exchanged between fetus and mother in the uterus of placental mammals.

Embryo/Fetus

The stage of development in vertebrates from fertilization until birth, beginning as an embryo and later developing into a fetus.