It Is Important That Budgets Be Accepted by

question 78

Multiple Choice

It is important that budgets be accepted by

• A)division managers.
• B)department heads.
• C)supervisors.
• D)All of these.

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Definitions:

Retained Earnings

The portion of a company's profits not distributed as dividends but retained for reinvestment in the business or to pay debt.

Income Before Taxes

Another term for pretax income, indicating the amount earned by a business before subtracting taxes.