Which of the Following Is a Moving 12-Month Budget

question 9

Multiple Choice

Which of the following is a moving 12-month budget?

• A)continuous budget
• B)flexible budget
• C)zero-based budget
• D)participative budget

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Definitions:

Undue Influence Rule

A legal principle that voids contracts or agreements if one party has been unjustly persuaded or coerced by another, compromising their free will.

Duress Rule

A legal principle that negates the validity of an agreement if it was made under coercion or threat of harm.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.

Goods

Objects or materials that are produced for sale or exchange in the market, generally physical and tangible in nature.