Ans. Option A
Explanation: Budget is a formal report for the company. It is an estimation of revenue and expenses over a future period of time (generally one year). It is expressed in monetary terms as it is related to cash inflows and outflows.
a budget is best described as: MULTIPLE CHOICE. Choose the one alternative that best completes the...
A budget is best described as 3 S57) O A master control device C) The minimum acceptable performance level ) A formal statement of a comany's future plans usually expressed in monetary terms O An informal atement of company's future plans usually expressed in monetary terms C) The most crucial component of a company's evaluation process
Budget top down budget budgetary control Select each of the terms with the best description of its purpose. Terms Budgeting Definitions 1. Planning future business actions and expressing them as formal plans 2. A comprehensive business plan that includes operating investing, and financing budgets 3. Employees who will be evaluated by a budget help prepare it 4 Shows expected cash inflows and outflows and helps determine financing needs 5. An approach that requires all expenses to be justified for each...
- + r Fit to pag MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answer the question. D) foreign products 20) Social Security collects taxes on A) sales of food B) barter Income C) payroll income TRUE FALSE. Write T'If the statement is true and Fir the statement is false. 21) Government transfer payments shift income from one person to another and therefore do not produce a final good or service and hence are not part...
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Determine whether the alternative hypothesis is left-tailed, right-tailed, or two-tailed. H: H=78 H: A < 78 A) two-tailed B) left-tailed C) right-tailed
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answer the question. 1) Real assets in the economy include all but which one of the following? A) common stock B) land C) consumer durables D) buildings
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Objectives of financial reporting to external investors and creditors include preparing information about all of the following except: (A) Information used to determine which products to produce. B) Information about economic resources, claims to those resources, and changes in both resources and claims. C) Information that is useful in making investment and credit decisions. D) Information that is useful in assessing the amount, timing,...
Exam Name MULTIPLE CHOICE. Choose the one alternative that best completes the statement Solve the system by addition. 1) x 4y 18 -6x + 3y = 54 B) 1(6.71
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 21) 21) "Demand-pull inflation" refers to A) any inflation that is originally caused by a rightward shift of the AD curve but is maintained at a constant level by monetary validation. B) only the inflation that results from an expansionary monetary policy. C) any inflation that is originally caused by a rightward shift of the AD curve but is accelerating due to monetary validation. D)...
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. Solve the system of equations. 1) X1 + x2 + x3 = 6 1) *1 x2 +3x3 - 11 A) (-1, 2, -3) B) (0,1,2) C) No solution D) (1,2,3) Determine whether the system is consistent. 2) X-YAVA-15
EXTRA CREDIT B MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The concentration of ozone in a sample of air that has a partial pressure of Oz of 0.53 torr and a total pressure of air of 695 torr is A) 0.076 B) 0.76 C) 1.3 10- 3 D ) 7.6 102 E) 1.3 - ppm. 2) Why does the upper atmosphere contain only very little dissociated nitrogen? A) Nitrogen atoms are...