Question
QUESTION 4 Which of the following is least appropriate for the budget cycle? 1. A fiscal year is identified by the calendar year within which
QUESTION 4
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Which of the following is least appropriate for the budget cycle?
1. A fiscal year is identified by the calendar year within which it ends.
2. Each budget cycle is identified by the fiscal year or years with which it deals.
3. The budget process is a one-time, cyclical sequence of unprecedented events.
4. In cyclical sequence of the budget process, participants produce information and decisions and take action in regard to the revenues and expenditures of public organizations.
QUESTION 4
Which of the following is least appropriate for the budget cycle?
1. A fiscal year is identified by the calendar year within which it ends.
2. Each budget cycle is identified by the fiscal year or years with which it deals.
3. The budget process is a one-time, cyclical sequence of unprecedented events.
4. In cyclical sequence of the budget process, participants produce information and decisions and take action in regard to the revenues and expenditures of public organizations.
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Financial Accounting
Authors: Libby, Short
6th Edition
978-0073526881
