The Controlling Factor in All Budgeting and Operational Planning in a Company

question 3

Multiple Choice

The controlling factor in all budgeting and operational planning in a company is the:

• A)Sales potential.
• B)Sales quota.
• C)Market potential.
• D)Sales forecast.
• E)Market share.

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Definitions:

Cost Analysis

The process of evaluating the costs involved in producing a product or providing a service, to determine ways to reduce or manage expenditures.

R-squared

A statistical measure that represents the proportion of the variance for a dependent variable that's explained by an independent variable or variables in a regression model.

Dependent Variable

A variable that responds to some causal factor; total cost is the dependent variable, as represented by the letter Y, in the equation Y = a + bX.

Independent Variable

A variable in an experiment that is manipulated to observe its effect on the dependent variable.