A Purchases Budget Is Used Instead of a Production Budget

question 6

Multiple Choice

A purchases budget is used instead of a production budget by

• A) merchandising companies.
• B) service enterprises.
• C) not-for-profit organizations.
• D) manufacturing companies.

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Definitions:

Cash Gift

An amount of money given without the expectation of return; often presented during special occasions as a present.

Gift Registries

Services that allow individuals to communicate their preferred gifts for special occasions like weddings, baby showers, or birthdays to potential gift-givers.

Recycle Gifts

The act of giving previously owned items as gifts, an environmentally friendly practice that reduces waste and promotes sustainability.

Efficiency

The degree to which resources are used optimally to produce goods and services, minimizing waste and maximizing output.