Which of the Following Statements Best Describes the Relationship Between

question 33

Multiple Choice

Which of the following statements best describes the relationship between the sales-forecasting process and the master-budgeting process?

• A)The sales forecast is typically completed after completion of the master budget.
• B)The sales forecast is typically completed halfway through the master-budget process.
• C)The sales forecast is typically completed before the master budget and has no impact on the master budget.
• D)The sales forecast is typically completed before the master budget and has little impact on the master budget.
• E)The sales forecast is typically completed before the master budget and has significant impact on the master budget.

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Definitions:

Edward Tolman

An American psychologist known for his contributions to cognitive psychology and the theory of latent learning, which suggests that learning can occur without immediate reinforcement and can be manifested later when needed.

Spatially Deficient

Generally refers to a lack of ability or inefficiency in understanding spatial relationships.

Conditioned Reinforcer

A stimulus that gains its reinforcing power through association with a primary reinforcer, thereby able to modify behavior.

Primary Reinforcer

A naturally reinforcing stimulus like food or water that satisfies a basic biological need and does not require learning to become pleasurable.