Selecting the ________ Is the First Step in Implementing a New

question 52

Multiple Choice

Selecting the ________ is the first step in implementing a new system.

• A)hardware requirements
• B)software requirements
• C)conversion type
• D)best alternative

---

Definitions:

Sales Budget

A financial plan that estimates future sales, often broken down into units and revenue, for a specific period.

Cash Collections

The process of gathering all cash inflows from a company's business activities, including payments from customers and other receivables.

Credit Sales

Sales made by a business that are not paid for at the time of purchase, allowing customers to pay at a later date.

Budgeted Cash Collections

Budgeted cash collections are the projected cash receipts from sales or other revenue sources as estimated in a company’s budget for a specific period.