One Advantage of Using Standard Times to Develop a Budget

question 34

True/False

One advantage of using standard times to develop a budget is they are simple to compile, are based solely on the past actual history, and do not require expected future changes to be taken into account.

---

Definitions:

Capitalist System

An economic system where trade, industry, and the means of production are largely or entirely owned and operated by private individuals or companies for profit.

Quality of Mind

A concept referring to an individual's ability to be alert to circumstances and to think critically and empathetically.

Addiction

A chronic dysfunction of the brain system that involves reward, motivation, and memory, characterized by a compulsive pursuit of certain stimuli despite adverse consequences.

Street Families

Groups of individuals, not necessarily related, who form close bonds and support systems, often among the homeless or marginalized communities.