Which of the Following Is False in Terms of Budgets

question 111

Multiple Choice

Which of the following is false in terms of budgets?

• A)The master budget consists of a plan of action for a specified time period.
• B)Operating budgets must be completed before the financial budgets can be prepared.
• C)The production budget must be completed before the materials purchases budget because the number of units to be produced must be known to determine how much material to buy.
• D)The cash budget displays expected cash flows in two sections: cash receipts and cash disbursements.

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Definitions:

Broken Seal

A condition indicating that a seal or closure preventing access or contamination has been compromised or damaged.

Indirect Claim Message

Communication that presents a request or claim in a less direct manner, often to soften the impact or be polite.

Defective Component

A part or element in a piece of equipment or system that is faulty or malfunctioning.

Thank You

A polite expression used to acknowledge a kindness or service.