Which of the Following Accounting Methods Is Most Consistent with the Budgetary

question 19

Multiple Choice

Which of the following accounting methods is most consistent with the budgetary spending limits that governmental managers must manage?

• A)Disbursement basis
• B)Expenditure basis
• C)Accrual basis
• D)Cash basis

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Definitions:

Technological Change

The process through which new technologies are developed and introduced, leading to changes in productivity, consumption patterns, and economic structure.

Equilibrium Wages

The payment rate at which the provision of labor matches the request for labor.

Short-Order Cooks

Cooks who specialize in preparing food quickly and efficiently, often in diners and fast-food establishments, responding rapidly to customer orders.

Market Price

The price at which a good or service is offered in the marketplace, determined by supply and demand.