The Master Budget for a Service Enterprise

question 211

Multiple Choice

The master budget for a service enterprise

• A) will have the same types of budgets as a merchandiser.
• B) may include a sales budget for sales revenue.
• C) will not include a budgeted income statement.
• D) includes a service revenue budget based on expected client billings.

---

Definitions:

Prototype

An original model on which something is patterned or an early, typical example of a concept or category.

Stereotype Content Model

A theory positing that stereotypes are based on the dimensions of warmth and competence which humans universally apply to social groups.

Judged Competence

The perception of an individual's skills, abilities, and performance by others, often influenced by various biases and subjective assessments.

Warmth

A personal quality characterized by kindness, compassion, and friendliness, promoting positive interpersonal relations.