A Formal Budget Program Will Almost Always Result In

question 71

Multiple Choice

A formal budget program will almost always result in:

• A) higher sales.
• B) more cash inflows than cash outflows.
• C) decreased expenses.
• D) improved profits.
• E) a detailed plan against which actual results can be compared.

---

Definitions:

Quotas

Restrictions set by governments on the quantity or value of goods that can be imported or exported, used to control trade balances and protect domestic industries.

Infant Industry

A new industry that is in its early stages of development and may be protected or supported by government policies.

Protection

Economic policies and actions, such as tariffs and quotas, taken by a government to shield domestic industries from foreign competition.

Compete

The act of striving against others for the purpose of achieving goals such as winning a market share, receiving recognition, or obtaining a scarce resource.