Which one of the following statements does NOT accurately describe budgets?
A) Budgets are standing plans.
B) Budgets commit resources to activities, projects or programs.
C) Budgets can be fixed or flexible.
D) Budgets allocate scarce resources among competing uses.
E) Budgets are single-use plans.

Question

Quizplus · Accepted Answer

Budgets are not standing plans; they are typically single-use plans designed for a specific period or purpose.

Which One of the Following Statements Does NOT Accurately Describe