Why Has the Automobile Reached Such Predominance in Travel

question 3

Multiple Choice

Why has the automobile reached such predominance in travel?

• A) It is quite inexpensive.
• B) It is an efficient means of transportation.
• C) It is very convenient.
• D) It is the fastest method between any two cities less than 300 miles apart.

---

Definitions:

Cash Budget

A financial plan that forecasts the cash inflows and outflows over a specific period, typically used to assess liquidity and manage cash effectively.

Budgeted Disbursements

Projected payments planned by a company for various expenses.

Desired Balance

The optimal amount of funds an individual or business aims to maintain in an account.

Excess (Deficiency)

The amount by which actual income exceeds or falls short of the budgeted amount.