MATCHING

question 39

Multiple Choice

MATCHING
Determine whether the following statements are (a) illegal, (b) unethical, or (c) both illegal and unethical. You may use the three choices as many times as needed.

-Reporting incorrect information to a private insurance carrier.

• A)Illegal
• B)Unethical
• C)Both illegal and unethical

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Definitions:

Budgeted Purchases

The estimated amount of purchases a company plans to make in a future period, often part of a budgeting process.

Budgeted Ending Inventory

The estimated value or quantity of inventory that a company plans to have on hand at the end of a financial period.

Budgeted Beginning Inventory

The projected inventory level at the start of a period, based on anticipated costs and demand.

Sales Budget

A detailed forecast of a company's sales, outlining expected sales volume and revenues for a specific period.