Which of the following statements might be considered poor advice in budgeting?
A)
Set realistic budget goals.
B)
Stick to simple procedures.
C)
Use the budget primarily as a record-keeping device.
D)
Use the budget to direct and control expenses.
C
Business
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The payment terms addendum is typically used in which of the following situations?
A. Seller financing B. Adjustable rate mortgage C. Financing contingency D. VA loan
Business
An example of a financial statement is ________
A) the Income Statement B) the Sources and Uses of Cash C) the Statement of Financial Position (Balance Sheet) D) All of these
Business