Melissa Has Been Assigned to Work on the Development of a Budget

question 96

Multiple Choice

Melissa has been assigned to work on the development of a budget that plans future investments in major assets such as buildings and heavy machinery. Melissa is working on a(n)

• A) cash budget.
• B) capital budget.
• C) revenue budget.
• D) operating budget.
• E) expense budget.

---

Definitions:

Product Life Cycle

The series of stages that a product goes through from conception, through design and manufacture, to service and disposal including introduction, growth, maturity, and decline.

Drive-Thru Restaurants

Food service establishments that allow customers to order and receive food without leaving their vehicles, aiming for convenience and speed of service.

Low-Cost Leadership

A business strategy where a company becomes the lowest cost producer in its industry without sacrificing quality.