The First Component of the Master Budget Is the

question 122

Multiple Choice

The first component of the master budget is the

• A)cash budget.
• B)overhead budget.
• C)pro-forma budget.
• D)sales budget.

---

Definitions:

Oil Barrels

A standard unit of measure for crude oil and other petroleum products, equivalent to 42 U.S. gallons.

Foreign Competition

The presence and influence of international companies in a domestic market, which can affect local businesses.

Foreign Wages

This refers to the rates of pay for workers in countries other than the home country, significant in discussions of outsourcing, labor markets, and international competitiveness.

U.S. Workers

Individuals working in the United States, encompassing all sectors and types of employment.