A Budget Is the Plan,stated in Financial Terms,of How an Organization

question 60

True/False

A budget is the plan,stated in financial terms,of how an organization expects to carry out its activities and meet its goals.

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Definitions:

Commit a Crime

The act of performing a behavior that is forbidden by law and punishable by the government.

Tort

Tort is a legal term referring to a civil wrong that causes someone else to suffer loss or harm, resulting in legal liability for the person who commits the tortious act.

Void

Describes a contract or legal agreement that has no legal force from the outset and cannot be enforced.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the relevant parties to be enforceable.