What Is the Usual Period for Which an Operating Budget

question 21

Multiple Choice

What is the usual period for which an operating budget is developed?

• A) 1 year
• B) 3 years
• C) 5 years
• D) 10 years

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Definitions:

Micropolitan Statistical Area

An urban area in the United States defined by the Office of Management and Budget, based on census data, that has at least one urban cluster of at least 10,000 but less than 50,000 population.

Urban Cluster

A densely populated area that has a total population of less than 50,000 people.

Economic Integration

The process by which countries reduce trade and investment barriers to create closer economic cooperation or amalgamation.

Census Bureau

A government agency responsible for collecting, analyzing, and publishing statistical data on the population, economy, and society of a country to aid in policy-making and administration.