An Explanation Is a Statement That Makes Clear How Something

question 14

True/False

An explanation is a statement that makes clear how something is done or why it exists in its present form or existed in its past form.

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Definitions:

Flexible Budgeting

A budgeting process that allows for adjustments to budgetary allocations based on changes in actual performance, revenue, or other factors.

Sales Budget

A financial plan that estimates the revenues expected from sales over a future period.

Production Budget

An estimate of all costs associated with manufacturing a product for a set period.

Sales Budget

An estimate of the expected total sales revenue and selling expenses of a company for a specific period, helping to plan financial activities.