A Sales Forecast

question 65

Multiple Choice

A sales forecast

• A) shows a forecast for the firm only.
• B) shows a forecast for the industry only.
• C) shows forecasts for the industry and for the firm.
• D) plays a minor role in the development of the master budget.

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Definitions:

Cancellation

The act of declaring a contract or agreement null and void, thereby releasing the parties from their obligations under the contract.

Comparative Negligence

A legal doctrine that allocates the responsibility and damages in an accident proportionally to the degree of fault of each party involved.

Victory Clothing Co. V.Wachovia Bank, N.A.

A specific legal case, which should be researched for details related to its outcomes or legal principles involved.

Stop Payment

An order given by an account holder to their bank to not pay a specific check that has been issued or to halt a payment that has been requested.