Budgeting Is a Technique That Is Used to Plan for Future

question 40

True/False

Budgeting is a technique that is used to plan for future cash inflows and outflows.

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Definitions:

Risk Acceptance

is a decision to acknowledge the potential for loss, harm, or adverse effects and proceed with a planned action despite the risks.

Potential Risk

Refers to the possibility of an event or condition that could lead to a negative impact on objectives.

Operating

Refers to the activities involved in the day-to-day functions and management of an organization.

Ransomware

Malware that encrypts a victim's files, with the attacker then demanding a ransom from the victim for the decryption key.