The Budget Which Begins with an Estimate of Expected Operations,based

question 5

Multiple Choice

The budget which begins with an estimate of expected operations,based on sales forecasts and plans,is called the:

• A)operating budget.
• B)capital budget.
• C)cash flow budget.
• D)organizational budget.
• E)operations purchase budget.

Understand the dynamic nature of strategies and the forces that influence strategic shifts.

Comprehend the components and purpose of SWOT analysis in strategic planning.

Define core competencies and their significance in achieving competitive advantage.

Characterize global operations strategies and understand the variety of international market involvement strategies used by firms.

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Definitions:

Consensus Theories

Sociological theories that emphasize the role of shared norms and values in maintaining order and stability in society.

Shared Norms

Are collectively upheld rules and expectations regarding appropriate behavior within a society or group, guiding members in their interactions.

Tacit Agreements

Unspoken understandings or contracts between parties, often based on common norms or expectations rather than explicit communication.

Social Change

The alteration in the social order of a society, which may include changes in nature, social institutions, social behaviors, or social relations.