A Budget Is

question 130

Multiple Choice

A budget is

• A)a planning tool.
• B)a control tool.
• C)a means of communicating goals to the firm's divisions.
• D)all of the above.

---

Definitions:

List Price

The suggested retail price of a product set by the manufacturer, before any discounts or promotions.

Inventory

The total amount of goods and materials held in stock by a business, warehouse, or point of sale.

Linear Model

A linear model is a mathematical representation used to describe the relationship between two variables by fitting a linear equation to observed data.

Cater

To provide food and drink, typically at social events and in a professional capacity.