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.

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Definitions:

Random Assignment

A method used in experiments where participants are allocated to different groups in a way that every participant has an equal chance of being assigned to any group.

Random Sample

A method of selecting a sample from a population in which each member has an equal chance of being chosen.

External Validity

The extent to which the results of a study can be generalized to other situations and to other people.

Internal Validity

The extent to which a study establishes a trustworthy cause-and-effect relationship between a treatment and an outcome.