The term budget indicates
a. that standards have been used to develop the budget.
b. that actual input data from past periods have been used to develop the budget.
c. that engineering studies have been used to develop the budget.
d. planned amounts for a future accounting period.
Ans: d. planned amounts for a future accounting period.
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Which of the following statements best explains why legal arguments often contain significant ambiguity?
A) Legal arguments are expressed in words, and words rarely have the clarity one presumes. B) Lawyers purposely distort the facts of each case in order to assist their clients in appearing favorable before a jury. C) Ambiguity is an important goal of critical thinking. D) Judges choose ambiguous statutes and precedents in order to reach proper and flexible rules of law.
Even if assets are not negatively correlated, lower the positive correlation between them, the lower the resulting risk
Indicate whether the statement is true or false