If the Chief Accountant of a Firm Has to Prepare

question 52

Multiple Choice

If the chief accountant of a firm has to prepare an operating budget for the coming year,the first budget to be prepared is the

• A)sales budget.
• B)cash budget.
• C)purchases budget.
• D)capital budget.

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Definitions:

Alveoli

are the tiny air sacs in the lungs where the exchange of oxygen and carbon dioxide takes place.

Gas Exchange

The biological process by which gases (mainly oxygen and carbon dioxide) are transferred between the blood and the external environment during the act of breathing.

Vocal Folds

Muscular membranes in the larynx that produce sound when air is expelled through them, also known as vocal cords.

Glottis

Vocal apparatus; includes vocal folds and the cleft between them.