Laureen Cooley is preparing a spreadsheet that shows inventory, sales, purchases, manufacturing, marketing, and operating expenses for her organization. This document is called a ________ budget
A) capital
B) strategic
C) master
D) tactical
E) minor
Answer is C
Rationale: A master budget (also called operating budget) includes all the operating costs for an entire organization, including inventory, sales, purchases, manufacturing, marketing, and operating expenses. The operating budget maps out the projected number of units to be sold and estimated income for the coming year, in addition to all anticipated costs of operating the business to manufacture and sell the estimated level of business.
You might also like to view...
Identify and briefly describe the four stages of the Project Life Cycle.
Fill in the blank(s) with the appropriate word(s).
Gordron Inc manufactures and markets medical equipment. To ensure that its salespeople are knowledgeable enough to answer all product queries, the company hires only those individuals who have a good understanding of both the medical profession and
the mechanics of the equipment used. Which of the following is the most accurate classification of Gordron's salesforce? A) technicians B) demand creators C) deliverers D) order takers E) missionaries
Which type of fraud will not have any analytical symptoms?
a. Inventory Fraud b. Revenue Fraud c. Liability Fraud d. Disclosure Fraud
Identify and discuss ways to arouse interest in the audience when attempting to get the attention of the audience
What will be an ideal response?