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Describe management functions according to Henri Fayol.
Budgeted Sales
Projected sales revenue a company plans to achieve in a future period, often used for planning and performance evaluation.
Credit Sales
Sales for which payment is not received at the time of the transaction but is expected to be received at a later date.
Finished Goods Inventory
Products that are completed and ready for sale but have not yet been sold to customers.
Required Production
The amount of product that must be produced in a specified period to meet customer demand and inventory policy.
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