All of the Following Budgets Are Prepared by Merchandising Companies

question 97

Multiple Choice

All of the following budgets are prepared by merchandising companies except

• A)sales.
• B)operating expense.
• C)direct materials.
• D)cost of goods sold, inventory and purchases.

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Definitions:

Confirmation Biases

A cognitive bias that involves favoring information that confirms pre-existing beliefs or hypotheses.

Dependent Variable

The variable in an experiment that is expected to change in response to manipulations of the independent variable.

Independent Variable

In an experiment, the variable that is manipulated or changed by the researcher to observe its effects on the dependent variable.

Experimenter

An individual who conducts an experiment, usually in a scientific context, to test hypotheses and investigate phenomena.