The Budget Method That Maintains a Constant Twelve-Month Planning Horizon

question 162

Multiple Choice

The budget method that maintains a constant twelve-month planning horizon by adding a new month on the end as the current month is completed is called:

• A)an operating budget.
• B)a capital budget.
• C)a continuous budget.
• D)a master budget.

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Definitions:

Advice and Consent

A constitutional term in the United States referring to the Senate's role in approving presidential appointments and treaties.

Executive Orders

Directives from the President of the United States that manage operations within the federal government, often having the force of law.

Foreign Nations

Countries outside of one's own, especially those recognized as independent sovereign states.

High Crimes and Misdemeanors

A category of offenses for which public officials, specifically in the U.S., can be impeached and removed from office, involving abuses of power or breaches of public trust.