Budgets

question 69

Multiple Choice

Budgets

• A) should contain both revenues and expenses.
• B) contain as much information as possible.
• C) are presented in dollars only; nondollar data should be excluded.
• D) are synonymous with managing an organization.

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Definitions:

Unilateral Contract

A type of agreement where an offer can only be accepted through the performance of an action by the party receiving the offer.

Hard Drive

A data storage device used for storing and retrieving digital information using rapidly rotating disks coated with magnetic material.

Adequacy Of Consideration

The sufficiency of what is exchanged in a contract to make the agreement enforceable, ensuring each party receives something of value.

Bankruptcy

A legal procedure for dealing with debt problems of individuals and businesses; officially declared inability to pay outstanding debts.