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:

Recognition Rewards

Acknowledgments or incentives given to individuals or groups for their achievements and contributions, often used as a motivational strategy in various settings.

Appropriate Culture

A culture or environment that is suitable and fitting for its members, respecting their needs, values, and norms.

Law of Probability

A mathematical principle that quantifies the likelihood of events occurring, based on the ratio of favorable outcomes to the total number of possible outcomes.

Formation Forces

Describes the various factors that influence the creation and shaping of individual or group identities and behaviors.