Which of the Following Is True of Budgets

question 64

Multiple Choice

Which of the following is true of budgets?

• A)Every budget must contain both revenues and expenses.
• B)Budgets reduce the comparability concept of accounting.
• C)The data in budgets are presented in dollars only;nonfinancial data should be excluded.
• D)Budgets are synonymous with managing an organization.

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Definitions:

Data Aggregators

Companies or technologies that collect data from various sources and compile it into a database for analysis or resale.

Privacy Laws

Legislation designed to protect individuals' personal data and regulate the collection, storage, and dissemination of this data.

United Nations

An international organization founded in 1945 to promote peace, security, and cooperation among the world's nations.

Brick-And-Mortar

Refers to physical stores or businesses that have a physical presence where customers can visit, as opposed to online or virtual presence.