A Budget Is

question 18

Multiple Choice

A budget is

• A)the same thing as a cash flow statement.
• B)a method to measure net worth and monitor wealth.
• C)an historical record of income and expenses.
• D)a forecast of all items on the cash flow statement.

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Definitions:

Spearman-Brown

A formula used in psychometrics to estimate the reliability of a test, particularly in relation to the length of the test.

Cronbach's Alpha

A statistical measure used to assess the reliability or internal consistency of a set of test or survey items.

Cultural Sensitivity

The awareness and consideration of cultural differences and similarities when interacting with people from different backgrounds.

Instrument Usefulness

Refers to the effectiveness and efficiency of a tool or device in achieving its intended purpose, especially in research or assessment contexts.