Which of the Following Statements Is True of the Operating

question 166

Multiple Choice

Which of the following statements is true of the operating budget?

• A) It is a part of the financial budget.
• B) It includes the capital expenditures budget.
• C) It includes the sales budget.
• D) Its final component is the cash budget.

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Definitions:

Lucas Vasquez de Allyón

A Spanish explorer who, in the early 16th century, attempted to establish a colony in what is now the southeastern United States, notable for his efforts to create a settlement in present-day South Carolina.

Legal System

The comprehensive system of rules and principles, enforced by institutions, which governs a society.

Free Black Man

A Black individual who was not enslaved, living in a period where slavery was legally sanctioned but enjoying a limited form of freedom and rights.

Anthony Johnson

An early African American property owner known for his transition from indentured servitude to land ownership in 17th-century Virginia.