Which Budget Is Used to Assess Managerial Efficiency

question 40

Multiple Choice

Which budget is used to assess managerial efficiency?

• A) sales budget
• B) production budget
• C) static budget
• D) flexible budget
• E) cash budget

---

Definitions:

Supplier

An individual or company that provides goods or services to another entity under terms specified in a contract.

Asset Turnover

A financial metric assessing how well a company utilizes its assets to produce sales income.

Working Capital

A measure of a company’s liquidity; computed as current assets minus current liabilities.

Note Payable

A written agreement in which one party agrees to pay another party a definite sum of money at a future date or on demand.