When Justifying a Budget Request in Narrative Form), Which of the Following

question 3

Multiple Choice

When justifying a budget request in narrative form) , which of the following is NOT recommended to be discussed:

• A) What you want to do
• B) Why you want to do it
• C) What resources will be necessary
• D) Technical calculations supporting the request

---

Definitions:

Gross Profit

The difference between revenue and the cost of goods sold before deducting overhead, payroll, taxation, and interest payments.

Selling Expenses

Expenses that are incurred directly in the selling of merchandise.

Periodic Inventory

A system in which the inventory is physically counted at certain periods and the cost of goods sold is calculated thereafter.

Computerized Accounting Systems

Digital systems that manage, record, and process financial transactions using software, thereby improving accuracy and efficiency.