The Budget Procedure That Requires Managers to Estimate Sales, Production

question 164

True/False

The budget procedure that requires managers to estimate sales, production, and other operating data as though operations were being started for the first time is called continuous budgeting.

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Definitions:

Chamber of Commerce

A local association to promote and protect the interests of the business community in a particular place.

Financial Services

Industries that manage money, including banks, credit unions, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, and some government-sponsored enterprises.

Networking

The act of connecting with individuals or groups to exchange information and develop professional or social contacts.

Trade Show

An exhibition where companies in a specific industry showcase and demonstrate their new products and services.