After the Budget Is Created,it Is Important to

question 98

Multiple Choice

After the budget is created,it is important to

• A) File the budget in a safe deposit box.
• B) Compare it to the previous budget.
• C) Track spending and identify variances.
• D) Pay attention only to expenses that are more than 10 percent of your salary.
• E) None of these are true since budgets are just estimates.

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Definitions:

ERP

Enterprise Resource Planning; a software that integrates core business processes into one system.

Wheeled Coach

A reference to a company or concept in the context of efficient manufacturing or service processes, possibly related to emergency vehicles.

Competitive Advantage

The attributes or conditions that allow a company to produce goods or services better or more cheaply than its competitors.

MRP System

Material Requirements Planning System; a computer-based inventory management system designed to assist in production planning and inventory control.