Which of the Following Is NOT a Basic Function of a Budget

question 10

Multiple Choice

Which of the following is NOT a basic function of a budget?

• A) Budgets indicate the need for future short-term financing.
• B) Budgets provide the basis for corrective action when actual figures differ from the budgeted figures.
• C) Budgets compare historical costs of the firm with its current cost performance.
• D) Budgets allow for performance evaluation.

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Definitions:

Democratic

Pertains to a form of government in which power is vested in the hands of the people, either directly or through elected representatives.

Federal Income Taxes

Taxes levied by the federal government on the annual income of individuals and businesses, used to fund public services and government operations.

Military Spending

Financial allocation by a government for the maintenance and operations of armed forces, including expenses related to equipment, personnel, and infrastructure.

Lawmakers

Lawmakers are elected or appointed officials responsible for making and enacting the laws that govern a state or country.