The time frame in which a specific budget is in use is called the
A)fiscal year.
B)budget year.
C)operating year.
D)management year.

Question

Quizplus · Accepted Answer

The fiscal year is the period for which a budget is created and in which it is in use. It is usually a 12-month period that may or may not coincide with the calendar year. The budget year and operating year are not commonly used terms in this context, and management year could refer to a different period than the budget year.

The Time Frame in Which a Specific Budget Is in Use