Which of the Following Is Not a Guideline for Budget

question 53

Multiple Choice

Which of the following is not a guideline for budget preparation?

• A) Include financial data only.
• B) Know the sources of budget information.
• C) Know the purpose of the budget.
• D) Identify the format of the budget.

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Definitions:

Subsidiary

A company controlled by another company, known as the parent company, through majority ownership or a significant percentage of voting stock.

Inflation Rate

The velocity at which prices for everyday goods and services climb, leading to diminished purchasing capability.