What Is the Primary Reason Why a Manager or Director

question 78

Multiple Choice

What is the primary reason why a manager or director should conduct a needs assessment?

• A) To determine the specific needs and interests of the target market.
• B) To determine the quality of potential fitness instructor who could be hired in the area.
• C) To determine the needs of management before developing the budget.
• D) To determine the need for new or different exercise equipment.

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Definitions:

Beginning Inventory

The value of a company's inventory at the start of an accounting period, before any purchases or production.

Cash Budget

A detailed plan showing how cash resources will be acquired and used over a specific time period.

Master Budget

A comprehensive financial planning document that consolidates all of a company's budgets for various departments or activities.

Manufacturing Overhead Budget

An estimation of the costs that are not directly attributable to products but are necessary for the manufacturing process, including utilities, depreciation, and maintenance of equipment.