What Are Future Financial Plans Called

question 36

Multiple Choice

What are future financial plans called?

• A)budgets
• B)variable costing
• C)master plans
• D)absorption income

---

Definitions:

Take-It-Or-Leave-It

A term describing an offer that cannot be negotiated and must either be accepted as is or rejected.

Usurious Loan

A loan given with illegally high-interest rates.

Legal Effect

The legal consequence or outcome that arises from the execution of a law, contract, agreement, or judicial decision.

State

A distinct entity in a federal system that has its own government and borders within a larger country.