Match the Concept with the Best Definition

question 49

Multiple Choice

Match the concept with the best definition
-habitual truthfulness and honesty

• A)beneficence
• B)nonmaleficence
• C)best interest standard
• D)fidelity
• E)justice
• F)veracity
• G)cost/benefit analysis

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Definitions:

General and Administrative Expense Budget

A financial plan that estimates the costs associated with the day-to-day operations of running a business excluding production costs.

Budget

An estimate of income and expenditure for a set period of time.

Master Budget

A comprehensive financial planning document that consolidates all of a company’s budgets for sales, production, overhead, administration, and others into one overall budget.

Safety Stock

An additional quantity of an item kept in the inventory to reduce the risk of stockouts due to uncertainties in supply and demand.