A Type of Operational Budget That Involves Adding One Additional

question 164

Multiple Choice

A type of operational budget that involves adding one additional month to the budget as each month goes by is called a ________.

• A) monthly replacement budget
• B) long-term goal budget
• C) static budget
• D) continuous budget

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Definitions:

Ratified

Formally approved or confirmed, usually referring to documents, treaties, or agreements.

Interests

A person's curiosity or concern about something, which can drive their engagement and motivation toward certain activities or knowledge.

Priority Issues

Problems, challenges, or concerns that require immediate attention and action over others due to their significance or potential impact.

Establishing Process

The act of creating or instituting a procedure or system within an organization to achieve certain goals.