Categorizing Is the Means of Generating Lists of Strengths and Weaknesses

question 95

True/False

Categorizing is the means of generating lists of strengths and weaknesses for the organization.

---

Definitions:

Required Production

The quantity of goods or products a company needs to produce to meet its planned sales demand.

Production Budget

An estimate of the total units of production needed to meet anticipated sales demand and inventory requirements.

Sales Budget

A detailed schedule showing expected sales expressed in both dollars and units.

Budgeting

The process of creating a plan to spend your money, outlining projected income and expenses for a certain period.