A budget is a
A. length of time for which money is lent.
B. set of funds provided by a bank that must be repaid.
C. stated amount of a loan.
D. formal plan that accounts for expenditures and income.
Answer: D
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____________________ is a central element of observation and recording
Fill in the blank(s) with the appropriate word(s).
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Indicate whether the statement is true or false
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A) 1% B) 5% C) 10% D) 20%