The First Step in Constructing an Operating Budget Is

question 4

Multiple Choice

The first step in constructing an operating budget is

• A)preparation of the sales forecast.
• B)a cost preparation.
• C)a cash-flow estimate.
• D)estimating fixed costs.

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Definitions:

Leading

The act of guiding, directing, or influencing others towards the achievement of goals or objectives.

Interchangeable Words

Words that can be substituted for each other in specific contexts without changing the meaning of the sentences in which they are used.

Effectiveness

The degree to which something is successful in producing a desired result or outcome.

Efficiency

The ratio of useful output to total input, used as a measure of the effectiveness of a system at converting inputs into useful outputs.