The Tool Which an Administrator Uses to Plan for Profits

question 69

Multiple Choice

The tool which an administrator uses to plan for profits by anticipating revenues and expenses is a:

• A)Sales forecast.
• B)Budget.
• C)Sales potential.
• D)Strategic marketing plan.
• E)Sales quota.

---

Definitions:

Operating Departments

Units or sectors within a business that are directly involved in performing the main function or activity of the organization.

First-In, First-Out Method

An accounting method for valuing inventory that assumes goods are sold in the order in which they are purchased or produced.

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, treated as if they were whole units.

Assembly Department

A section within a manufacturing facility where components are assembled together to create a finished product.