A(n) _____ Is a Long-Term Outlook Outlining Action Needed to Achieve

question 82

Multiple Choice

A(n) _____ is a long-term outlook outlining action needed to achieve desired results.

• A)vision
• B)strategic plan
• C)operational tool
• D)organizational philosophy
• E)value statement

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Definitions:

Budgeted Cost

This refers to the predicted costs of goods, services, projects, or operations that are planned for a future period.

Merchandise Purchases Budget

An estimate detailing the amount of goods a company plans to purchase over a certain period to meet its sales and inventory needs.

Selling Expenses Budget

A financial plan estimating the costs associated with promoting, selling, and distributing a product or service for a future period.

Sales Budget

An estimate of the sales revenue a company aims to achieve in a certain period, often used for planning and performance evaluation purposes.