In This Type of Control System,the Master Budget Is Based

question 95

Multiple Choice

In this type of control system,the master budget is based on a single prediction for sales volume,and the budgeted amount for each cost essentially assumes that a specific amount of sales will occur:

• A)Sales budget.
• B)Standard budget.
• C)Flexible budget.
• D)Fixed budget.
• E)Variable budget.

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Definitions:

Fixed-Rate Loan

A loan whose interest rate remains constant.

Floor Planning

A type of business loan generally made for “big-ticket” items. The business holds the item in inventory and pays interest, but it is actually owned by the lender until the item is sold.

Unsecured Loan

A loan that doesn't require collateral and is based on the borrower's creditworthiness.

Fixed-Rate Loan

A loan where the interest rate remains constant throughout the term of the loan, providing predictability in payments.