The Pareto Rule Establishes That ____ of the Revenue Will

question 76

Multiple Choice

The Pareto rule establishes that ____ of the revenue will come from ____ of the inventory.

• A) 20 percent,80 percent
• B) 40 percent,60 percent
• C) 60 percent,40 percent
• D) 80 percent,20 percent

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Definitions:

Master Budget

A comprehensive financial planning document that consolidates all of an organization's individual budgets.

Sales Budget

A financial plan detail outlining projected sales for a specific period, guiding marketing and production strategies.

Capital Expenditures Budget

A financial plan detailing a company's projected spending on fixed assets such as buildings and equipment.

Accounting Period

A specific time frame during which financial transactions are recorded and financial statements are prepared, typically lasting twelve months.