A Budget That Is Developed by Both Top Management and Operating

question 79

Short Answer

A budget that is developed by both top management and operating personnel is referred to as a(n)______________________________.

---

Definitions:

Sales Revenue

Income earned from the sale of goods or services, representing the primary source of income for businesses involved in retail or wholesale trade.

Safety Margin

The difference between the actual performance of an entity and its break-even point.

Budgeted Sales

The projected amount of sales revenue a company expects to achieve in a specific period, as determined during the budgeting process.

Break Even Point

The level of production or sales at which total costs equal total revenues, resulting in no net loss or gain.