Select the Correct Statement

question 141

Multiple Choice

Select the correct statement.

• A) The four advantages of budgeting include planning, coordination, performance measurement, and reporting.
• B) In a participative budgeting system, budget information flows in one direction only, from bottom to top.
• C) The three major categories of the master budget are operating budgets, capital budgets, and pro forma financial statements.
• D) The accounting department normally coordinates the development of the sales forecast.

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Definitions:

Giving Birth

The process of childbirth, where a baby is delivered from the womb through the vagina or by cesarean section.

Intangible Items

Products or services that cannot be touched, seen, tasted, or quantified in the traditional sense, such as software or consulting services.

Legal Advice

Professional guidance provided by a qualified lawyer or legal practitioner regarding the law or legal actions that might be taken.

Public Transportation

A system of vehicles such as buses and trains provided by the government or private entities to enable communal travel within a specific area.