A spending plan updated once per year would be described as:

A spending plan updated once per year would be described as:

• A. Yearly (annually)
• B. Daily
• C. Biennial
• D. Quarterly

Answer: (A)

Updates happening once a year are described as yearly (annual). This term matches a frequency of once per calendar year, so the spending plan is refreshed one time each year. The other options describe different intervals: daily means every day, quarterly means four times a year (every three months), and biennial means every two years. Since the update occurs once per year, the correct descriptor is yearly (annually).

Updates happening once a year are described as yearly (annual). This term matches a frequency of once per calendar year, so the spending plan is refreshed one time each year. The other options describe different intervals: daily means every day, quarterly means four times a year (every three months), and biennial means every two years. Since the update occurs once per year, the correct descriptor is yearly (annually).