Supply Budgets Are a Major Component of the Operating Budget

question 18

Multiple Choice

Supply budgets are a major component of the operating budget. Items such as office supplies, intravenous solutions, instruments, linen, gloves, and other personal protective equipment are examples of _____ costs.

• A) fixed
• B) flexible
• C) variable
• D) resource

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Definitions:

Analysis Phase

A stage in the development process where the needs or conditions to meet for a new or altered product or project are determined.

Delivery Time

The total time taken for goods or items to be sent from a supplier and arrive at their final destination.

Chevron

An American multinational energy corporation involved in every aspect of oil, natural gas, and geothermal energy industries.

BPI

Business Process Improvement, a management exercise in which a company measures its current processes and identifies ways to improve them in order to enhance performance and efficiency.