Match Each Phrase That Follows with the Term (A-E) It

question 51

Short Answer

Match each phrase that follows with the term (a-e) it describes.
-Shows expected results at several activity levels
A)Static budget
B)Flexible budget
C)Master budget
D)Sales budget
E)Production budget

• A)Static budget
• B)Flexible budget
• C)Master budget
• D)Sales budget
• E)Production budget

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Definitions:

Sellers

Persons or organizations that provide products or services for purchase in the marketplace.

Levied

The act of imposing a tax, fee, or fine by an authority.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers.

Tax

An obligatory fiscal contribution or alternative form of taxation placed on individuals by a governing body with the aim of financing government operations and a range of public expenses.