Accurate,relevant and Timely Information Comes From

question 51

Multiple Choice

Accurate,relevant and timely information comes from:

• A)a properly designed database management system
• B)sound data transformation and manipulation processes
• C)quality data capture,storage and management
• D)correctly normalised data

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Definitions:

Planning Budget

A budget that outlines the expected revenues, expenses, and resources over a specific period, often used as a financial roadmap.

Flexible Budget

A budget that adjusts or flexes for changes in the volume of activity, providing a more useful comparison against actual costs than a static budget.

Actual Activity

The real or factual actions or tasks completed within a period, often measured to assess performance or productivity.

Static Budget

A financial plan that does not change or adjust with variations in business activity levels.