The Single Most Important Output in Preparing Financial Budgets Is

question 39

Multiple Choice

The single most important output in preparing financial budgets is the

• A) sales forecast.
• B) determination of the unit cost of the product.
• C) cash budget.
• D) budgeted income statement.

---

Definitions:

Delegatee

A third party who is not part of the original contract but to whom duties to perform are transferred by one of the contracting parties (a delegator).

Order Instrument

An instrument payable to a specific, named payee.

Instrument Payable

A written document that promises the payment of a definite amount of money either on demand or at a future date.

Definite Time

A specified period in contracts or agreements where certain actions or conditions must be met or take place.