During a recent officer's meeting of Medium Corporation, Inc., a company that has been in operation for three years, the officers determined that they needed to develop a multi-year plan for financial needs. The officers discussed the new machinery and equipment they would need to handle the growth in operations and replace obsolete equipment, whether they should move the company to a bigger facility or expand the current one, and new products that the company was developing. After lengthy discussion on the matter, they decided that they would expand the current facilities. They assigned the finance officer the task of writing a report translating the plan outlines into hard numbers. What type of report was the finance officer directed to prepare?
A. Cash budget
B. Zero-base budgeting
C. Capital budget
D. Revenue budget
Answer: C
You might also like to view...
Direct pressure from leaders increases the symptoms of ______.
A. groupthink B. suppression C. rationalization D. pressure
All of the following statements about process accounting are true except
A) identical products are produced on a continuous basis. B) costs are accumulated by individual job. C) works best with a large number of homogeneous products. D) equivalent units are computed using the weighted average method or the FIFO method.
Which of the following is a short-term loan to the U.S. Treasury and has a maturity date of one year or less?
a. commercial paper b. certificates of deposit (CDs) c treasury bills d. unsecured loans e. debentures
Schein’s reference to organizational cultures “espoused beliefs and values” requires ______.
A. social validation B. consensus of action C. the reduction of uncertainty D. reinforcement of beliefs