The Area of Accounting That Deals with the Preparation of Plans

question 24

Multiple Choice

The area of accounting that deals with the preparation of plans and forecasts of future operations is called:

• A) auditing.
• B) costing.
• C) budgeting.
• D) liquidating.

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Definitions:

Decline

A gradual reduction in strength, quality, or number of something, often indicating a downward trend or deterioration.

Wetlands

Ecosystems characterized by the presence of standing water either permanently or seasonally, providing habitat for a wide range of plant and animal species.

Ecological Services

The benefits humans receive from ecosystems, including water purification, pollination, climate regulation, and disease control, among others.

International Agreements

Formal understandings or contracts between nations, governing their relations on issues such as trade, environmental protection, and peacekeeping.