When a Respondent Is Asked: "How Often Do You Travel

question 5

Multiple Choice

When a respondent is asked: "How often do you travel on business in a six-month period?" and is asked to indicate her answer by circling one of the following: never, rarely, sometimes, often, very often, this is an example of a _____ scale.

• A) semantic differential
• B) Likert
• C) category
• D) constant-sum

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Definitions:

Cash Receipts

Money received by a business or individual, often recorded in the financial records to track income.

Cash Payments

Money disbursed by a business for various purposes, including operating expenses, debt repayment, and asset purchases.

Activity-Based Budgeting

A budgeting approach where budgets are developed based on the activities and resources needed to achieve specific goals or outputs.

Benefits of Budgeting

Benefits of budgeting include providing a financial framework for decision making, setting financial targets, and monitoring financial performance against those targets.