What Is an Operating Budget

question 42

Multiple Choice

What is an operating budget?

• A)a measure of how much percentage profit a company is earning on sales
• B)the result of dividing a company's operating profit by sales revenues
• C)the amount an organization has left after all the costs of making the product and running the business have been deducted
• D)specification of the functional goals that the managers of different functions need to achieve
• E)a blueprint that states how managers intend to use organizational resources to achieve organizational goals efficiently

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Definitions:

Special Verdict

A detailed verdict where the jury makes specific findings on each issue of fact, leaving the application of the law to those facts to the judge.

General Verdict

A jury's decision in a trial that includes both findings of fact and the application of those facts to the law to reach a decision.

Voir Dire

A process in court where jurors are questioned by judges and lawyers to determine if they are suitable for jury service.

Arbitration

A method of dispute resolution outside of courts where an arbitrator makes a decision which is binding to both parties.