There is a need for budget adjustments when:
A) income is stable.
B) account deficits and surpluses balance out.
C) account deficits are more than surpluses.
D) a new calendar year begins.
E) short-term financial goals are achieved.

Question

Quizplus · Accepted Answer

Budget adjustments are needed when account deficits are more than surpluses, as this indicates that spending is exceeding income and could lead to financial difficulties if not addressed. The other options do not necessarily require budget adjustments, as income stability, balanced deficits and surpluses, a new calendar year, and achieving short-term financial goals may not impact the need for adjusting spending and saving habits.

There Is a Need for Budget Adjustments When