Which Statement Concerning Budgeting Is Correct

question 64

Multiple Choice

Which statement concerning budgeting is correct?

• A) A budget prepared by an individual is more detailed than one used by a business.
• B) All budgets must be prepared in dollar values.
• C) A budget is an essential step in managing a business efficiently.
• D) Budgeting and performance evaluation are not closely related.

---

Definitions:

Myosin

A motor protein known for its role in muscle contraction and movement in other types of cells, interacting with actin.

Proteins

Large molecules composed of one or more chains of amino acids in a specific order, determined by the base sequence of nucleotides in the DNA coding for the protein, serving a vast array of functions within organisms.

Riboflavin

A B-vitamin (B2) essential for energy production and cellular function, found in foods like milk, meat, and green vegetables.

Coenzyme FAD

A redox-active coenzyme associated with various enzymes and involved in several important metabolic reactions, full name flavin adenine dinucleotide.