Which of the Following Statements Is Not True

question 26

Multiple Choice

Which of the following statements is not true?

• 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.

Distinguish between complete, substantial, and partial performance within contractual obligations.

Identify the legal implications and outcomes of conditional and unconditional contracts.

Recognize the processes and effects of tender and performance in contract law.

Understand the role and impact of breaches in contracts, including material and immaterial breaches.

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Definitions:

Negative Reinforcer

A stimulus whose removal following a behavior increases the likelihood of that behavior being repeated in the future.

Secondary Reinforcer

A stimulus that gains its reinforcing power through its association with a primary reinforcer; not naturally rewarding.

Negative Reinforcement

A psychological principle where the removal of an adverse stimulus strengthens a behavior.

Behavior

Behavior refers to the actions or reactions of organisms or systems, usually in response to external stimuli, within their environment.