Match the Items Below by Entering the Appropriate Code Letter

question 92

Short Answer

Match the items below by entering the appropriate code letter in the space provided.
A. Budget
B. Financial budgets
C. Budget committee
D. Master budget
E. Sales forecast
F. Production budget
G. Cash budget
H. Long-range planning
I. Direct materials budget
J. Sales budget
____ 1. A selection of strategies to achieve long-term goals.
____ 2. An estimate of expected sales for the budget period.
____ 3. Budgets that indicate the cash resources needed for expected operations and planned capital expenditures.
____ 4. The projection of potential sales for the industry and the company's expected share of such sales.
____ 5. Management's plans expressed in financial terms for a specified future time period.
____ 6. A projection of anticipated cash flows.
____ 7. A group responsible for coordinating the preparation of the budget.
____ 8. A projection of production requirements to meet expected sales.
____ 9. A set of interrelated budgets that constitute a plan of action for a specified time period.
____ 10. An estimate of the quantity and cost of direct materials to be purchased.

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Definitions:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture over others.

Intercultural Competencies

Skills and personal characteristics that help achieve success in cross-cultural situations.

Globalization

The worldwide interdependence of resource flows, product markets, and business competition.

Economic Integration

A process whereby countries reduce trade barriers, allowing for an increased flow of goods, services, and capital among them, aiming for economic policy convergence.