Which of the Following Is an Advantage of Using Actual

question 127

Multiple Choice

Which of the following is an advantage of using actual input data from past periods to develop a budget?

• A) Past inefficiencies are excluded in the preparation of new budget.
• B) Expected future changes are incorporated in the preparation of new budget.
• C) Information is available at a low cost.
• D) Data represents the ideal performance.

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Definitions:

Electoral Calendar

A schedule outlining the dates of significant electoral events, such as elections and referendums, across different jurisdictions.

Political Business Cycle

Economic fluctuations that result from the manipulation of fiscal and monetary policies for political gain.

Fed

Short for the Federal Reserve System, which is the central banking system of the United States, responsible for monetary policy, regulating banks, maintaining financial stability, and providing financial services.

Specific Recommendations

Detailed advice or suggestions tailored to a particular situation or problem.