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:

Avoiding Type

A personality disposition characterized by a tendency to evade confronting problems, stress, or conflict.

Dependent Type

In computer science, a dependent type is a type whose definition depends on a value.

Dominant Type

An personality or behavioral pattern characterized by assertiveness, control, and leadership qualities, often taking a leading role in situations.

Order Of Birth

The sequence in which a child is born in relation to their siblings, impacting their personality and behavior.