There Are Three Steps to Constructing a Cash Budget

question 17

Multiple Choice

There are three steps to constructing a cash budget.Which of the following is not one of those steps?

• A) Calculate whether the firm is facing a cash shortage or surplus.
• B) Forecast the uses of cash.
• C) Set a policy for deciding how much time to give customers to pay.
• D) Forecast the sources of cash.

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Definitions:

Self-Service

A system that allows consumers to perform services for themselves without direct assistance from staff, often facilitated by technology.

Extreme Value Retailers

Retailers that offer products at significantly lower prices than their competitors, typically by reducing costs through simple store designs and limited service.

Dollar Discount Stores

Retail outlets where a majority of the items are sold at discounted prices, typically one dollar or around that price point.

Scrambled Merchandising

A retail strategy where a store sells products beyond its traditional inventory or industry category, to increase footfall or market share.