A(n) __________ Volcano Is One That Has Not Erupted for Over

question 134

Multiple Choice

A(n) __________ volcano is one that has not erupted for over 10,000 years but could erupt again.

• A)extinct
• B)active
• C)dormant
• D)plug dome

---

Definitions:

Budgeted Sales

The anticipated revenue from goods or services sold, set during the budgeting process for a specific time period.

Credit Sales

Sales made by a business where the customer purchases goods or services on credit and payment is received at a later date.

Finished Goods Inventory

The stock of completed products that are ready for sale but have not yet been sold.

Variable Manufacturing Overhead

Costs that vary with the level of production, such as utilities for manufacturing premises and wages for hourly production workers.