Which One of the Following Is a Plan for Acquiring

question 31

Multiple Choice

Which one of the following is a plan for acquiring and combining the resources needed to carry out the manufacturing operations that will allow the firm to satisfy its sales goals and have on hand the desired amount of inventory at the end of the budget period?

• A)Direct materials usage budget.
• B)Sales budget.
• C)Direct labor budget.
• D)Production budget.
• E)Sales forecast.

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Definitions:

Opportunity Cost

The sacrifice made by not opting for the next prime selection during decision-making.

Point C

Typically refers to a specific point on a graph or model in economics, which could denote a particular state or condition in an economic analysis.

Production Possibility Curve

a graph that shows all the different combinations of two goods or services that can be produced within a given economy, assuming full and efficient use of resources.

Units of Butter

A hypothetical unit used in economics to represent production output, often used in examples discussing opportunity costs and production possibilities.