Select the Correct Statement

question 141

Multiple Choice

Select the correct statement.

• A) The four advantages of budgeting include planning, coordination, performance measurement, and reporting.
• B) In a participative budgeting system, budget information flows in one direction only, from bottom to top.
• C) The three major categories of the master budget are operating budgets, capital budgets, and pro forma financial statements.
• D) The accounting department normally coordinates the development of the sales forecast.

---

Definitions:

Nuclear Power Plant

A facility that generates electricity by using nuclear reactions to produce heat, which then is used to power steam turbines.

Discrete Random Variables

Variables in statistical analysis that can take on a countable number of distinct values, often representing occurrences.

Continuous Random Variables

Variables that can take on an infinite number of values within a given range.

Probability Density

A function that describes the relative likelihood for a random variable to take on a given value.