A Primary Cause for the Development of Time Standards for the Entire

question 19

Multiple Choice

A primary cause for the development of time standards for the entire globe was

• A) a desire for uniformity.
• B) the railroad.
• C) European imperial domination.
• D) the telegraph.

---

Definitions:

Optimistic Sales Budget

A sales budget that is prepared with the expectation of achieving the best-case scenario in sales volume and revenue.

Excessive Inventories

Situation where a company holds a larger quantity of inventory than necessary, which can tie up capital and increase holding costs.

Financial Planning Models

Tools or software used for forecasting a business's financial performance, evaluating business strategies, and planning for future financial actions.

Sales Forecast

An estimate of the amount of revenue that a company expects to generate from the sale of goods or services in a future period.