Which of the Following Is True of a Continuous Budget

question 17

Multiple Choice

Which of the following is true of a continuous budget?

• A) It forces managers to plan ahead constantly.
• B) It is broken down into quarterly and monthly budgets.
• C) It rules out the comparison of actual data with budgeted data.
• D) It is a quarterly budget used only by manufacturing firms.
• E) It is a moving 6-month budget.

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Definitions:

Triarchic Theory

A theory of intelligence proposed by Robert Sternberg, which suggests that human intelligence comprises three aspects: analytical, creative, and practical intelligence.

Sternberg

Refers to Robert Sternberg, an American psychologist who proposed the triarchic theory of intelligence which includes analytical, creative, and practical aspects.

Intelligence

The ability to acquire, understand, and use knowledge, including the capacity for logic, understanding, self-awareness, learning, emotional knowledge, planning, creativity, and problem-solving.

Understand the World

The process of comprehending or making sense of the environment and society around one.