Which of the Following Budgets Involves the Preparation of Cash

question 79

Multiple Choice

Which of the following budgets involves the preparation of cash budgets?

• A)A marketing budget
• B)A financial budget
• C)An overhead budget
• D)A sales budget

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Definitions:

Surplus

A surplus refers to the amount by which the quantity supplied of a product or service exceeds the quantity demanded, often resulting in a decrease in prices.

Shortage

A market condition where the demand for a good exceeds its supply at a specific price, often leading to price increases.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price in a given time period.

Shortage

A situation where the demand for a product exceeds its supply in the market.