Which of the Following Is the Sequence Involved in Which

question 22

Multiple Choice

Which of the following is the sequence involved in which operating budgets link long- and short-term plans?

• A)Short-term plans; Operational plans; Evaluate; Long-term plans.
• B)Short-term plans; Operations plans; Evaluate; Revise.
• C)Long-term plans; Short-term plans; Operational plans; Revise.
• D)Long-term plans; Operational plans; Evaluate; Revise.
• E)None of the above.

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Definitions:

Credit Sales

Transactions where goods or services are sold and payment is deferred to a later date, contributing to a company's accounts receivable.

COGS

Cost of Goods Sold; the direct costs associated with the production of goods sold by a company, including materials and labor.

Revenue Forecast

An estimate of the amount of money a company will generate from sales in a future period.

Cost Ratio

The measure of the costs associated with a financial transaction or an investment, relative to its benefits or returns.