A ________ Is a Numerical Plan That Expresses Anticipated Results

question 33

Multiple Choice

A ________ is a numerical plan that expresses anticipated results in dollar terms for a specific time period and may be used as a planning guide as well as a control device.

• A)budget
• B)ordinal plan
• C)nominal plan
• D)revenue forecast
• E)financial plan

Understand the characteristics and uses of digital media files, particularly podcasts.

Recognize the structure and purpose of internal corporate communication platforms and their similarities to the internet.

Understand the purpose and components of the statement of cash flows.

Distinguish between operating, investing, and financing activities.

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Definitions:

Economies of Scale

Cost advantages companies experience when production becomes efficient, as the cost per unit of output decreases with increasing scale.

General Electric

A multinational conglomerate corporation operating in sectors like aviation, power, healthcare, and renewables, among others.

Plant Size

The scale or capacity of a factory or production facility, often measured in terms of productive capability or physical dimensions.

Diseconomies of Scale

An economic concept where increasing production results in higher per unit costs.