Which of the Following Statements Is Correct

question 136

Multiple Choice

Which of the following statements is correct?

• A) Budgets serve as a planning and control tool.
• B) Budgets are limited to projecting cash inflows and outflows.
• C) GAAP standards are used in budget development.
• D) Budgets serve as the standard by which estimated performance is compared.

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Definitions:

Conditioned Response

A learned response to a previously neutral stimulus after it has been repeatedly paired with an unconditioned stimulus.

Seligman

A psychologist known for his work on learned helplessness, positive psychology, and well-being.

Stimulus Discrimination

The process by which animals or humans learn to differentiate between two similar stimuli and respond appropriately to each.

Vanilla Pudding

A sweet dessert made from milk, sugar, vanilla extract, and a thickening agent, often served chilled or at room temperature.