A(n)____ Is a Set of Computer Instructions

question 32

Multiple Choice

A(n) ____ is a set of computer instructions.

• A) computer program
• B) gesture
• C) operating program
• D) user account

Understand how to calculate cash paid for merchandise and other expenses.

Analyze cash flows related to merchandising operations.

Apply the direct method to various cases to determine cash inflows and outflows.

Learn how to calculate the cash flow on total assets ratio.

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Definitions:

Top-Down Budgeting

A budgeting approach where the budget is created by top-level management and then distributed to lower levels for implementation.

Bottom-Up Budgeting

A budgeting process where the budget is prepared with the input and estimates coming from lower-level staff, before being aggregated and approved at higher levels.

Operating Budgets

A financial plan that estimates the expected income and expenses for a specific period in the future, often used to guide business activities.

Continuous Budgets

Budgets that are regularly updated by adding a new period as the current period is completed, facilitating constant financial planning.