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:

Generation Y

Also known as Millennials, this demographic cohort follows Generation X and is generally considered to include individuals born from the early 1980s to the mid-1990s to early 2000s.

Social Media

Platforms and technologies that enable individuals to create, share, exchange information and ideas in virtual communities and networks.

Generation Y

Also known as Millennials, this includes individuals born approximately between 1981 and 1996, known for their familiarity with digital technology, media, and communications.

Generation Z

The demographic cohort following Millennials, typically considered to be born between the mid-1990s to the early 2010s, noted for their digital nativism and diverse perspectives.