The Statement That Is not True Is

question 18

Multiple Choice

The statement that is not true is:

• A)Preparing operating budgets for service businesses is normally simpler than preparing them for retailers or manufacturers
• B)A service business does not need to prepare a cash budget
• C)GST estimates need to be included in a cash budget
• D)The emphasis in budgeting for not-for profit organisations tends to be on cash flows and the final cash position rather than on profits,income and expenditure

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Definitions:

Commonly Known Dangers

Hazards or risks that are widely recognized and understood by the general public.

Deceptive Advertising

Advertising that misleads consumers, either by unjustified claims concerning a product's performance or by failure to disclose relevant information concerning the product's composition or performance.

Federal Level

Pertaining to the national government, as opposed to state or local levels, involving laws, courts, and matters of country-wide importance.

Strict Liability

A legal doctrine holding an individual or entity responsible for their actions or products without the need to prove fault or negligence.