Which of the Following Statements Is Correct

question 31

Multiple Choice

Which of the following statements is correct?

• A) GST can be ignored when preparing budgets.
• B) Most firms prepare cash budgets for periods of 5 years or more.
• C) The bank figure in the budgeted balance sheet comes from the cash budget.
• D) Budgeted retained profits is calculated as opening balance plus budgeted profit plus budgeted dividends.

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Definitions:

Negative Sanctions

Punishments or penalties imposed on individuals or entities to discourage unwanted or unacceptable behaviors.

Sapir-Whorf Hypothesis

A linguistic theory that suggests the structure of a language affects its speakers' world view or cognition, and thus people's perceptions are relative to their spoken language.

Symbolic Culture

The aspect of culture that consists of the symbols, language, norms, and values that influence human behavior and communication.

Sociologists

Social scientists who study the development, structure, and functioning of human society, including patterns of social relationships, interactions, and culture.