Which of the Following Budgets Is Prepared at the End

question 45

Multiple Choice

Which of the following budgets is prepared at the end of the budget-construction cycle?

• A) Sales budget.
• B) Production budget.
• C) Budgeted financial statements.
• D) Cash budget.
• E) Overhead budget.

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Definitions:

Traditional Measurement

A method of evaluating performance or progress using long-established standards or units.

Return On Investment

A measure used to evaluate the performance of an investment by dividing the net profit by the initial cost of the investment.

Cost Variance

The difference between the estimated cost of a project or operation and the actual cost incurred.

Balanced Scorecard

A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align day-to-day work with strategy, and monitor performance against strategic goals.