A Sales Forecast

question 65

Multiple Choice

A sales forecast

• A) shows a forecast for the firm only.
• B) shows a forecast for the industry only.
• C) shows forecasts for the industry and for the firm.
• D) plays a minor role in the development of the master budget.

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Definitions:

Vertical Parts

Components or sections of an organization that are arranged in a hierarchy or rank, often signifying different levels of authority or responsibility.

Organization

A structured group of people with a specific purpose, such as a business, government agency, or charity.

Hierarchy

A system of organization where entities are ranked one above the other based on status or authority.

Span of Control

The number of subordinates that a manager or leader can effectively oversee, control, or manage.