Which of the Following Is NOT an Acceptable Way to Balance

question 11

Multiple Choice

Which of the following is NOT an acceptable way to balance the year's budget?

• A)Increase income
• B)Cut costs
• C)Increase income and cut costs
• D)Borrow from the next year's budget

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Definitions:

Selling Assets

The act of disposing of physical or intangible property owned by a company for cash or other considerations.

Revenues

The cumulative revenue derived from selling goods or offering services that are central to the business's main activities.

Net Income

The profit a company holds onto after removing expenses and taxes from its earned revenue.

Operating Revenues

Income earned from a company's main business activities or operations, excluding non-operating revenue like interest or sale of assets.